ABN appeals with Kangaroo debut but others must wait

By Nathan Collins
31 Jan 2014

ABN Amro sold its debut Kangaroo bond on Wednesday, the first from a FIG issuer this year. The issuer managed to more than double its target size, seizing on demand from Australia, Asia and Europe.

While bankers believe there is still demand for FIG paper in Kangaroo format, any deals are unlikely to take place before the end of Chinese New Year holidays.

“There are a few other issuers looking,” said one niche currency syndicate official. “However, Chinese New Year means that borrowers ...

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