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.

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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