EIB leads Australian dollar bombardment with launch of the largest ever Kangaroo

13 Nov 2009

The European Investment Bank sold the largest ever single tranche Kangaroo bond this week, a A$1.5bn ($1.39bn) 5-1/2 year deal, in a hectic week for the Australian markets.

A debut Aussie dollar issue for Daimler International Finance was just one of many other issues in the currency, while New Zealand dollars and Norwegian kroner also had busy weeks.

The EIB’s deal pays a 6.25% coupon and was priced at 99.947 to give a spread of 83bp over ...

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