Australian dollar

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.

Bank of America this week returned to the Australian dollar market after a two year absence, with an A$750m ($565m) dual tranche deal.

Wells Fargo (A/A2/A-) offered two Australian dollar deals to the market this week, totalling A$1.65bn ($1.24bn).

The Treasury Corporation of Victoria on Tuesday became the first ever semi-governmental institution to issue a green bond in Australia.

The province of Quebec issued a A$75m ($57.3m) tap to its May 2026 Kangaroo bond, taking the total outstanding to A$435m.

The Treasury Corp of Victoria has mandated National Australia Bank to lead an Australian dollar green bond.

KfW found enough demand to print a A$400m ($299.2m) tap of its January 2019 Kangaroo bond late last week, highlighting a remarkable return to stability for markets after the previous week's Brexit vote.

The African Development Bank printed an A$60m ($44m) tap of its June 2026 notes on Wednesday, as bankers predicted more Kangaroo issuance will follow this week.

Volatility and changing demand have forced issuers to change their style of issuance in the Kangaroo market, printing smaller deals to demand rather than benchmarks. But the market has not stopped providing valuable opportunities for duration and arbitrage. By Lewis McLellan.

After five months of silence, corporate issuers have returned to the Kangaroo bond market as pent up demand provides a ready home for paper.

The Asian Infrastructure and Investment Bank may follow other SSAs to the Kangaroo market.