‘Roos bound to record high after SSA floaters sustain surge

29 Jan 2010

Foreign debt issues in Australia reached an all-time monthly record despite a slight slowdown this week. A$350m ($315m) three year floaters from both Kommunalbanken and Landwirtschaftliche Rentenbank brought January’s new Kangaroo issues to A$6.325bn, surpassing February 2007’s A$6.3bn.

Led by Royal Bank of Scotland, KBN’s par-priced deal pays 43bp over three month BBSW. Rentenbank’s issue — a tap of its January 2013 bond that takes the line to A$650m — carries a plus 35bp coupon. Bookrunners BMO Capital Markets and RBC Capital Markets priced the increase ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial