KfW casts wide net with long 10 year Kanga

KfW and the African Development Bank both sold long 10 year Kangaroo debt on Wednesday, with the former opening a new line and the latter tapping its outstanding bond. KfW was able to reach a wider investor base than recent 10 year Kangas owing to its strong reputation in the market. Export Development Canada also took the opportunity to increase its five year Aussie dollar bond.