Financial deal flow continued in the week ending 20 January, with Australian dollar deals from Bank of Queensland, Bendigo and Adelaide Bank, and Teachers Mutual Bank. Meanwhile, a host of supranational, sovereign and agency issuers executed taps to existing Kangaroo lines while World Bank printed a new five-year Kauri Sustainable Development Bond.
Western Australian Treasury Corporation pounced on beneficial pricing dynamics to execute its latest floating rate note, which recorded a final orderbook of more than A$5 billion despite volatility in the FX swap market making price discovery somewhat challenging.