KfW revives Aussie bank bid
The positive sentiment that has driven the SSA market so far this year in core currencies seems this week to have finally reached Australia. KfW priced a A$500m no grow Kangaroo tap of its 2018s on the back of normalising sovereign supranational and agency spreads. Meanwhile, Bank Nederlandse Gemeenten’s (BNG) issued a reverse enquiry driven A$100m 5.625% five year EMTN.
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