Asian interest sparks Kangaroo activity

Kangroos px230
By Silas Brown
23 Mar 2017

Japanese investors on the hunt for European SSA credit drove a flurry of long dated Australian dollar deals on Wednesday.

Bank Nederlandse Gemeenten (BNG), European Investment Bank (EIB) and Swedish Export Credit Corporation (SEK) were the recipients of the interest from Japanese life insurance companies.

Sole lead Nomura priced BNG’s 3.5% trade at 72bp over mid-swaps, equivalent to 86.25bp over the Australian government curve, with a final size of ...

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