IFC wows with Kanga fives, as Kexim loyalty pays off

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By Silas Brown
07 Feb 2017

The International Finance Corporation received over A$1bn ($761.8m) of orders for a 5.5 year Kangaroo bond on Tuesday –– a size all hoped for, but few expected.

Leads ANZDeutsche Bank and TD Securities circulated initial price thoughts of 43bp over mid-swaps last Friday, alongside a minimum size of A$300m.

“Our first aim was to get A$500m with a diverse range of investors,” said an IFC funding official. Pricing was in line with where IFC’s Washington supranational ...

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