Renten and KBN sell Kangas ahead of August activity

Syndicate bankers are predicting a lively August for the Kangaroo market, with a high volume of redemptions freeing up investor cash and a stabilising currency buoying sentiment. Rentenbank was the first SSA name to move this week, tapping January 2023 notes on Tuesday. Kommunalbanken has also mandated banks for a tap of 10 year debt, expected to be priced on Wednesday.