BC aims for debut while future looks bright for Kanga debt

By Nathan Collins
15 May 2014

The Province of British Columbia will make its Kangaroo debut on Friday, drawing strong demand from investors. The deal will round off a hot week for issuance for Kangaroos, during which the Asian Development Bank sold the largest such deal from a sovereign, supranational or agency in almost three years.

The prospect of declining issuance from the Australian sovereign and states contributed towards demand for the paper from domestic accounts, a trend that is expected to continue.

“It has been a very good week for Kangaroo bonds,” said a syndicate banker involved in the deal. “There’s a lot ...

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