IFC jumps into strong Kangaroo bond market

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By Burhan Khadbai
13 Nov 2020

The International Finance Corporation became the latest supranational borrower to hit the Kangaroo bond market on Friday, coming after the World Bank’s monstrous deal earlier in the week.

IFC raised A$500m ($362m) on Friday with a new May 2028 Kangaroo bond via CBA, Nomura and TD Securities. The bond was priced with a yield of 0.809%, equating to a spread of 21.05bp over the May 2028 Australian Commonwealth Government Bond and 26bp over the asset swap curve.

IFC ...

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