KfW returns to barren SSA Aussie market

25 Mar 2011

KfW’s A$250 tap of its 2020 line on Thursday, re-opening part of the Australian dollar market, was the first SSA deal since the February announcement by Apra, the national regulator, of what could potentially be the toughest liquidity criteria for banks’ capital in the world.

The deal size also confirms the decrease in SSA transaction volume predicted by market participants around a month ago.

"We will continue to see SSA activity in the market but assume certain banks’ hesitance due to Apra’s announcements will bring overall deal sizes back to lower averages of ...

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