On February 24, KfW Bankengruppe (KfW) (AAA/Aaa/AAA) launched and priced an increase to the January 2016 Kangaroo it introduced in a A$600 million (US$600.8 million) transaction a month earlier. The A$400 million tap is the German's agency's fifth Kangaroo transaction of 2011 and adds to the A$2.1 billion it has already issued this year; KfW sold a total of A$6.3 billion of Kangaroo bonds in 2010, its record issuance year in the market.