EIB, KfW and World Bank have taken full advantage of the Kanga market’s ability to deliver duration and cheap funds, but Aussie investors haven’t had much chance to buy Canadian risk. Export Development Canada hit the A$1bn mark last week, when it tapped its 2015s for A$350m last Thursday. Ontario, which mandated a deal to price no later than Wednesday, is the first Canadian province in the market since 2006. Read EuroWeek on Friday to see how the deal went.
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