European banks hop into Kangaroos

By Frank Jackman
23 May 2019

Barclays plans to follow Crédit Agricole and Handelsbanken into the Kangaroo bond market. The UK lender mandated leads for a deal on Wednesday after the other two banks brought deals on Tuesday.

“The Australian market is a favoured peripheral market for issuers,” said a Kangaroo banker. “The market backdrop is incredibly constructive. There is a significant number of investors and corporate credit funds showing positive inflows.”

On Wednesday, Barclays mandated ANZCommonwealth Bank of Australia, National Australia Bank, Nomura and Westpac for ...

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