Japanese bid drives supra Kanga taps

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By Frank Jackman
13 Mar 2019

Both Kommunalbanken (KBN) and the International Finance Corporation (IFC) came to the Kangaroo market this week. A need for long dated Australian dollar paper from Japanese investors drove the deals.

KBN returned to the market on Wednesday with an A$55m ($38.9m) tap, its third public Kangaroo increase of the year. While it was a smaller deal than two A$350m increases of other bonds sold last week and in January, the borrower was able to grow the deal as ...

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