On August 28, KfW Bankengruppe (KfW) (AAA/Aaa/AAA) priced a tap to its July 25 2016 Kangaroo line. The tap is the seventh increase of the line, which was first introduced in January 2006 and was last increased in March 2012 for a volume of A$700 million (US$632 million) and pricing of 113 basis points over Australian government bonds.