On July 27 International Finance Corporation (IFC) (AAA/Aaa) issued its first Kangaroo deal of 2011 with a new A$1.25 billion 5 per cent August 2016 bond and A$250 million of 2016 floating rate notes. The A$1.25 billion fixed rate tranche is the biggest Kangaroo deal issued since World Bank issued a A$1.5 billion 5.75 per cent 2015 bond in February 2010.