Rentenbank

Three agency names kept the Kangaroo market ticking over this week, as bankers prepared for a slew of redemption driven activity later in April.

Rentenbank priced the first ever six year Kangaroo deal from an SSA issuer on Wednesday in line with guidance at 22bp over mid-swaps.

Rentenbank has opened books on a six year Kangaroo bond — the first from a sovereign, supranational or agency in the format.

International Finance Corporation has tapped a renminbi line to over Rmb3bn ($478.8m) as moves in the dollar/renminbi cross currency basis swap drove a burst of demand from Asian investors.

Rentenbank tapped a 2020 Kangaroo bond for A$200m ($152.9m) on Tuesday, pricing the deal in line with a recent World Bank print in the format.

World Bank launched a five year Kangaroo on Wednesday, while Rentenbank tapped its 2022 bond in the format.

World Bank has unveiled a five year Kangaroo hot on the heels of a Nordic Investment Bank tap of a 2020 bond in the format.

Nordic Investment Bank on Monday made its second appearance in the Kangaroo market this year, announcing a tap of a five year line.

Rentenbank has launched a seven year Kangaroo, a scarcely seen maturity in the format. It comes alongside Kangaroo deals from Kommunalbanken and International Finance Corporation.

A pair of SSA issuers opted for deals in the Kangaroo market on Monday, amid a holiday induced supply slump.

KfW opened books on a tap of a 10 year Kangaroo on Tuesday as issuers took over A$1bn ($841.6m) out of the Australian dollar market, with deals from Inter-American Development Bank, the Province of Manitoba and Rentenbank.

Rentenbank opened books for a new five year Kangaroo bond on Monday, as Province of Manitoba and Inter-American Development Bank reopened Kangaroo lines.