European agencies hop into long end Kanga taps

By Frank Jackman
29 Aug 2019

A pair of European agencies placed taps at the long end of the Kangaroo curve this week, printing at the nine and 12 year points. Yields on these notes have fallen compared to previous taps, as the Kangaroo market feels the effects of a global bond rally.

“Australia is not immune from the global bond rally,” said one SSA banker.

German agency Rentenbank reopened its 3.2% May 2029 on Tuesday to raise A$200m ($135.3m) of new debt, bringing the amount outstanding on the line to A$450m.

Rentenbank’s May 2029 line was launched in June 2018 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.