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Canada Pension Plan Investment Board, usually spotted around big infrastructure auctions down under, has launched a five-year Kangaroo bond.
CPP Investments did its first Aussie-dollar debt deal in early 2021.
The AAA-rated pensions giant hired Deutsche Bank, RBC Capital Markets, TD Securities and UBS as the joint lead managers for the deal.
The bonds would be owned by CPP Investments and was being marketed with spread of about 63bps above swap or 106.5bps above the 2028 Aussie government bond.
The issuance was through CPPIB Capital, which is owned by Canada Pension Plan Investment Board (better known as CPP Investments). Settlement was due May 2.
More to come
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