The Province of Manitoba is one of several Canadian states which is a regular issuer of bonds into the Kangaroo market, issuing bonds every two or three months. The latest deal is for the sale of $50 million of June 2026s at ACGB + 79.75bps, which is noticeably lower than the ACGB + 90.75bps on the $70 million of the same line sold in early December.