Australian dollar

A quartet of SSA issuers printed Kangaroo bonds this week, helping push Kangaroo bond volume for March to a monthly level not seen in a year.

Latin America development bank Corporación Andina de Fomento (CAF) has made its fourth outing in the Australian dollar market.

A pair of SSAs are set to print in the Australian dollar market this week, as bankers report strong Asian appetite for public sector Kangaroo bonds.

Svenska Handelsbanken has chosen three banks to work on its first Kangaroo bond since 2014.

Royal Bank of Canada (RBC) issued a five year Aussie dollar floater on Wednesday, attracting strong demand from Australian and Asian investors.

KfW has found stronger than expected demand after tapping the belly of its Kangaroo bond curve, as a Canadian province printed at the long end in the format.

Rentenbank has responded to pent-up demand for Australian dollar paper with the largest long dated Kangaroo bond from a public sector borrower since July.

A trio of European public sector issuers tapped Kangaroo and Kauri deals on Wednesday as bankers bemoaned the shortage of larger deals in Australian dollars.

Year to date CEEMEA supply in dollars is a little over 40% of what it was in recent years, but the percentage decline in other currencies has been even worse, data from Dealogic shows.

Apple on Monday looked set to add yet another currency to its rapidly growing portfolio after mandating for investor calls ahead of a potential Australian dollar debut.

Asian Development Bank and Inter-American Development Bank each tapped five year Kangaroos on Friday, seeing out a week of strong Australasian currency issuance.

United Overseas Bank this week priced Asia’s first tier one Basel III-compliant bonds, getting an S$850m ($670.9m) perpetual non-call five deal away at just 4.9% — a level that even rival bankers grudgingly admitted was tighter than they had expected, writes Frances Yoon.