Having paused for breath following a hectic start to the year, deal flow in the high-grade Kangaroo market resumed late on January 21 with a new five-year deal from African Development Bank (AfDB) (AAA/Aaa/AAA). The supranational was active in Australian dollars late in 2014 as it priced a number of long-dated deals, but this is its first transaction of the new year and its first new mid-curve issue since it debuted a 2019 bond in February last year.