Australian dollar

Kommunalbanken raised A$40m ($29.7m) from an Australian dollar tap on Tuesday after sole-arranger Daiwa found two more Japanese life insurers to take an earlier reverse enquiry above the Norwegian agency's minimum size of A$30m.

Kommunalbanken added a A$40m ($29.8m) tap to its December 2026 Kangaroo bond on Tuesday, responding to a Japanese life insurer's request.

The European Investment Bank added a A$100m ($75.5m) tap to its August 2026 Kangaroo bond on Monday, before following up with its first Mexican peso trade since the US election.

Central American development bank Cabei will look to price its first Australian dollar bond on Thursday after announcing price guidance of 180bp over ASW for a proposed 10 year deal.

The European Investment Bank added a A$100m ($75.5m) tap to its August 2026 Kangaroo bond on Monday.

World Bank played first responder to Asian investor calls for longer-dated Aussie dollar bonds on Monday, printing a landmark A$135m ($103.9m) November 2031 note. It is the first 15 year benchmark in the currency by a non-domestic SSA name. More could follow.

The African Development Bank (AfDB) added a A$30m ($22.8m) tap to its June 2026 Kangaroo line on Monday. The trade could precede more issuance in this market from the borrower as it grapples with a ramped up funding target.

Eurofima, Inter-American Development Bank and International Finance Corporation tapped their 10 year Kangaroo lines this week, raising a total A$180m ($136.8m), as Asian investors looked for yield from the Aussie market.

The International Finance Corporation tapped a July 2026 Australian dollar bond for A$50m ($38.1m) on Monday. As part of its efforts to increase the minimum size of its 10 year Kangaroo taps from A$20m to A$50m, the IFC found investors to top up an initial A$30m reverse enquiry.

Australia sold its largest ever bond in its longest ever maturity on Wednesday. Overseas investors swarmed towards the sovereign’s high yielding offer.

Rentenbank tapped its new 10 year Kangaroo line for A$50m ($37.8m) on Tuesday. Attracting a mixture of Asian accounts, the agency's long dated paper pulled in a wide range of investors.

The Kangaroo market has faced a variety of challenges but, for each challenge, it has evolved to provide new pockets of value for investors and to meet borrowers’ requirements as they respond to the constantly shifting market realities. By Lewis McLellan.