Australian dollar

Nordic Investment Bank printed in the Australian dollar market on Wednesday, a rare appearance for an issuer that used to be a more regular visitor to Kangaroo bonds.

Asian Development Bank opened books on a tap of its A$325m ($246.7m) October 2026 Kangaroo bond on Monday.

Nederlandse Waterschapsbank tapped a A$355m ($266.6m) 3.15% September 2026 Kangaroo bond on Wednesday for A$55m.

The long end of the Kanga curve saw action this week, as Japanese investors hunted for yieldy paper.

The African Development Bank has sold an A$35m ($26.6m) tap of its June 2026 Kangaroo bond.

KommuneKredit printed an A$60m ($45.7) tap of its November 2026 Kangaroo bond on Wednesday, with bankers confident more reverse enquiry-driven taps are en route.

International Financial Corporation more than doubled its initial target by tapping its July 2026 Kanga bond for A$125m ($95.5m) on Tuesday. The large size was due to an unusually wide investor base, a banker on the deal said.

BMW exceeded market expectations with an A$150m MTN on Wednesday, surprising dealers with the strength of demand it attracted.

KfW tapped a A$2.1bn 4% January 2019 bond on Wednesday for A$200m ($154.4m), as KommuneKredit reopened a A$215m 2.9% November 2026 for A$25m.

Eurofima has increased its January 2027 Kangaroo bond by A$20m ($15.4m), taking the total outstanding volume of the bond to A$95m. The smaller sized, tap to demand reopening is a growing trend in the market, said bankers.

KfW was able to price through its curve as it reopened an Australian dollar bond on Wednesday evening Australian time.

The Province of Quebec (Aa2/A+/AA-) sold an A$80m ($61m) tap of its May 2026 Kanga bond on Wednesday.