Kangaroo issuance is not enough to help 23 November 2009 5:55PM Philip Bayley There was some kangaroo issuance in the domestic market that unfortunately was too small to have any offsetting impact on the basis swap. Council of Europe Development Bank added A$400 million to its December 2015 line to take outstandings to A$1.0 billion. The top-up was priced at 35 bps over swap.Inter-American Development Bank added A$300 million to its May 2016 line to take outstandings to A$600 million. This addition was priced at 27.5 bps over swap, illustrating the pricing differentials applied within the supranational and agency sector.The Australian branch of the Royal Bank of Scotland returned to the domestic market with another Australian government guaranteed bond issue, raising a total of A$2.0 billion for just fifteen months. The issue priced at 25 bps over bank bills/swap and comprised a A$1.6 billion floating rate tranche and a A$0.4 billion fixed rate tranche.In other activity, AMP Capital Wholesale Office Fund launched a minimum A$200 million, five-year bond issue. The issue, which is secured by a pool of office properties and rated A by S&P, is expected to price today.Lastly, Caterpillar Financial Australia (rated A by S&P - but will we be able to say this next year?) launched a minimum A$150 million, three-year, bond issue. Indicative pricing is 165 bps over bank bills/swap with pricing expected tomorrow.