KfW jumpstarts Kangaroo market with A$250 million tap

Issuers have flooded the Aussie dollar bond market, with German bank KfW offering investors an additional A$250 million (US$235 million) subscription of its existing 3.75% Kangaroo.
The deal was launched under KfW’s domestic Aussie dollar Medium Term Note Programme.
The deal was launched under KfW’s domestic Aussie dollar Medium Term Note Programme.
September 24, 2013

KfW, the German government-owned development bank, on Tuesday raised a tap issue of A$250 million from its existing A$1 billion five-year Kangaroo bond, taking the total up to A$1.25 billion, according to sources.

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