Svenska Handelsbanken priced an inaugural Kangaroo senior unsecured benchmark on Tuesday, a A$650m (Eu438m, Skr3.93bn) dual tranche issue that was part of a mini-wave of Australian-targeted European issuance benefitting from local majors being in blackout, according to a syndicate banker.

Sweden’s Stadshypotek is reopening the Kangaroo market for covered bonds with a dual tranche five year deal that is only the second to be sold into Australia by a European issuer since the crisis.