News
International Finance Corporation (IFC) (AAA/Aaa) topped up its July 2026 Kangaroo bond on January 27. According to KangaNews data, the line was introduced in January last year for volume of A$125 million and pricing of 46 basis points over semi-quarterly swap.
In the wake of printing the first Kauri transaction of 2017, a NZ$75 million (US$54.4 million) tap to its 2024 New Zealand dollar line, Rentenbank (AAA/Aaa/AAA) printed NZ$150 million in a new five-year Kauri bond on January 26. The transaction priced in line with guidance of 61 basis points over mid-swap.
Swedish Export Credit Corporation (SEK) (AA+/Aa1) topped up its September 2026 Kangaroo bond on January 24. The tap issue priced flat to initial guidance of 65 basis points over semi-quarterly swap. According to KangaNews data, the line was established in March last year for volume of A$50 million (US$37.8 million) at 70.5 basis points over semi-quarterly swap.
On January 25, Province of Ontario (Ontario) (A+/Aa2) added to its January 2027 Kangaroo bond. The tap transaction priced flat to price guidance of 80 basis points over semi-quarterly swap. According to KangaNews data, the line was introduced in January for volume of A$30 million and pricing of 80 basis points over semi-quarterly swap.
Export Development Canada (EDC) (AAA/Aaa) priced a A$475 million (US$360.7 million) increase to its June 2021 Kangaroo transaction on January 25. The tap issue priced in line with guidance of 46 basis points over semi-quarterly swap. According to KangaNews data, the line was introduced in May last year for volume of A$300 millionand pricing of 64.5 basis points over Australian Commonwealth government bond.
On January 24, European Investment Bank (EIB) added A$150 million (US$113.9 million) to its August 2026 Kangaroo bond. The tap priced flat to initial guidance of 60 basis points over semi-quarterly swap. According to KangaNews data, the line was introduced in February last year for volume of A$150 million and pricing of 52 basis points over semi-quarterly swap. The bond was most recently tapped in November last year by A$100 million. This transaction priced at 59 basis points over semi-quarterly swap.
On January 24, KommuneKredit (AAA/Aaa) priced an increase to its November 2026 Kangaroo bond. According to KangaNews data, the line was most recently tapped on January 6 for volume of A$70 million (US$53.2 million). This transaction priced at 72 basis points over semi-quarterly swap.
On January 24, Suncorp-Metway (Suncorp) revealed plans to engage with investors in relation to its Apollo residential mortgage-backed securities (RMBS) programme. According to KangaNews data, Suncorp was most recently in the RMBS market in February 2015 when it printed A$1.25 billion (US$947.4 million) in Apollo Series 2015-1 Trust. The largest, A$1.15 billion class-A tranche, priced at 90 basis points over bank bill swap rate for a weighted-average life of 3.1 years.
On January 23, Oesterreichische Kontrollbank (OKB) (AA+/Aa1) priced a new August 2027 Kangaroo transaction. The deal priced flat to initial guidance of 68 basis points over semi-quarterly swap. According to KangaNews data, OKB was most recently in the Kangaroo market in March last year when it added A$50 million (US$37.8 million) to its August 2025 line.
On January 23, Rentenbank (AAA/Aaa/AAA) priced a A$50 million (US$37.8 million) increase to its March 2027 Kangaroo line. The tap issue priced in line with guidance of 55 basis points over semi-quarterly swap.
Westpac Banking Corporation (Westpac)'s (AA-/Aa2/AA-) new five-year domestic deal priced on January 20, with final pricing in line with initial guidance of 111 basis points over three-month bank bill swap rate (BBSW) and semi-quarterly swap.
The Australian Office of Financial Management printed A$9.3 billion (US$7.04 billion) in the Australian market's largest-ever deal this week. Elsewhere, Kauri market activity picked up with World Bank placing NZ$550 million (US$396.2 million) in its first Kauri deal of the year and Kommunalbanken Norway adding NZ$150 million to its August 2025 New Zealand dollar bond.