German agricultural lender Rentenbank expects its Australian dollar bond programme to soon reach A$12 billion, cementing its position as the third-largest issuer of Kangaroo bonds behind KfW and the European Investment Bank.
The bank has been a consistent issuer in the market since 2002 and recorded its biggest volumes ever in 2013 when it issued A$2.85 billion in Australian dollar bonds.
Kangaroos now represent 21% of all Rentenbank’s medium- and long-term funding.
On a non-deal roadshow through Southeast Asia and Australia this week, the bank’s head of treasury Stefan Goebel and head of funding Leopold Olma said the market would remain attractive ...
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