The Inter-American Development Bank (IADB) (AAA/Aaa/AAA) launched the first primary deal of the year in the Australian market on January 6, in the form of an increase to its May 2014 Kangaroo. The tap, which will increase the line from its current size of A$1 billion (US$913 million) is expected to price "in the near future subject to market conditions" by lead managers Commonwealth Bank of Australia and HSBC.