Australian dollar

SSA activity in the Kangaroo market is picking up after a move in the cross currency basis swap between Australian dollars and euros.

Citi returned to the Australian dollar market on Wednesday, raising a A$750m five year dual-tranche Kangaroo that will contribute to the bank's total loss-absorbing capacity (TLAC) requirements.

Citi launched a five year Kangaroo bond on Tuesday, tapping into a recent bid from Asian investors itching for yield.

A pair of rare SSA names kept Kangaroo and Kauri bond supply ticking over this week, as Asian investor appetite drove demand.

Three public sector issuers returned to the Kangaroo bond market this week to raise a combined total of A$850m ($652m).

Asian Development Bank printed a A$225m ($170.8m) 10 year bond on Thursday, the largest issue size in this tenor from an SSA borrower in the Australian dollar market since 2014.

KfW tapped a April 2020 Kangaroo bond on Friday, with demand strongly driven by the Australian investor base.

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.