J.P.Morgan Chase & Co (J.P.Morgan Chase) (A/A2/A+) priced a new five-year Kangaroo deal on May 7 in what will likely become the third Kangaroo from a US financial institution (FI) to price in 2013. Wells Fargo & Company was the first US FI to place bonds in the Australian dollar market this year, selling A$900 million (US$922.6 million) of five-year fixed- and floating-rate notes at 100 basis points over swap and bills on January 17. A week later Citigroup placed a A$500 million dual-tranche 2018 deal at 150 basis points over swap and bills.