The Kangaroo covered bond market could see a leap in issuance in 2011 with supply expected to come from a similar range of borrower jurisdictions as has been seen in the US, according to HSBC Bank (HSBC). At a covered bond forum the bank hosted in Sydney on February 23, it predicted Kangaroo issuance for the current year could reach A$12 billion (US$12.2 billion), up from A$750 million – in a single deal – in 2010.