IFC takes corona funding to Kangaroo market

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By Frank Jackman
01 Jun 2020

The International Finance Corp returned to the Australian dollar bond market to fund its response to the coronavirus pandemic on Monday, while at the end of last week BNG capped the strongest month for SSA Kangaroo deals for over nine months.

The IFC kicked off the week with an A$30m ($20m) tap of its 1.5% April 2035 Covid-19 response bond, taking the amount outstanding on the line to A$255m. The tap was issued at 99.405 for a reoffer yield of 1.545%. Lead manager ANZ set the spread on the ...

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