SSAs bounce back for more Kangaroos

19 Mar 2010

Prime credits converged on the Australian dollar debt markets this week as the European Investment Bank, KfW and the Council of Europe Development Bank issued the first SSA Kangaroo bonds for two weeks, while Nestlé and Total put their blue-chip names to Eurobonds.

EIB got away an A$600m increase of its 6.25% April 2015 bond on Thursday, bringing the line to A$2.1bn. Bookrunners Westpac, ANZ Bank and UBS priced the tap at 101.082 for a spread of 59.75bp over the April 2015 Australian government bond or 29bp over swaps.

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