AIIB and World Bank shine in Kangaroo and Kauri markets

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By Burhan Khadbai
29 Apr 2021

Two triple-A rated supranational borrowers scored big in the Australasian bond markets on Wednesday with the Asian Infrastructure Investment Bank selling its first Kangaroo trade and the World Bank bringing the joint biggest ever SSA Kauri bond – equalling the record it set last year.

AIIB raised A$500m ($389m) with a five year Reg S Kangaroo sustainable development bond at a spread of 22bp over the semi-quarterly asset swap, equivalent to 30.85bp over the 4.25% April 2026 Australian government bond.

The bond was priced at 99.988 and pays a coupon of 1%. Deutsche ...

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