The first new Kangaroo deal launch of 2018 came from European Investment Bank (EIB) (AAA/Aaa/AAA) on 2 January, in the form of a new, five-year climate-awareness bond. The transaction is being marketed at 37.25 basis points over Australian Commonwealth government bond or 37 basis points over swap via RBC Capital Markets, TD Securities and UBS. Pricing is expected on 3 January.