The focus of BP Capital Markets (BP) (A/A2/A), in its debut Kangaroo transaction, of achieving a margin in line with what it can obtain in alternative global markets limited some Australian fund managers' involvement in the transaction. But participants across the market hail the borrower's ability to issue A$500 million (US$518.9 million) at a global benchmark price as a significant positive for future corporate Kangaroo issuance.