On January 18 European Investment Bank (EIB) (AAA/Aaa/AAA) launched an increase to its August 2013 Kangaroo bond, which with A$2.5 billion (US$2.3 billion) outstanding prior to the tap pricing is already the largest Kangaroo on issue. EIB is also the biggest borrower in the market, with its A$13.6 billion of bonds on issue putting it over A$3 billion clear of its nearest rival.