Matching tradition, the new year opened in the AUD market with a clutch of Kangaroo deals from supranational, sovereign and agency (SSA) borrowers. Although the sector faces some headwinds in 2014, strong demand for the first three deals – from Rentenbank, KfW Bankengruppe (KfW) and Kommunalbanken Norway (KBN) – leads market participants to predict a solid pipeline for more issuance in forthcoming weeks.
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