KBN taps its 10-year Kangaroo
KBN continue its activity in the public markets by tapping its 10-year Kangaroo bond on Tuesday morning Sydney time on the back of positive feedback from a few key accounts.
Published Monday, November 21, 2011 by KBN
The AUD 100m tap, lead by TD Securities was re-offered at a spread of 115.5 bps over the corresponding Australian Government Bond, corresponding to a level of 60 bps over swaps bringing it up to a total size of AUD 350m. The new deal takes KBN's total outstanding Kangaroo issuance to AUD 2.725 billion.
KBN's tap was driven by offshore demand, in addition to some domestic interest.
