BNG Bank launches April 2029 Kangaroo increase
- Tuesday, 14 May 2019
On 14 May, BNG Bank (AAA/Aaa/AAA) launched a minimum A$15 million (US$10.4 million) increase to its existing April 2029 Kangaroo bond. The forthcoming transaction is being marketed at 54 basis points area over semi-quarterly swap, equivalent to 66.5 basis points area over Australian Commonwealth government bond. The deal will price on the day of launch, according to lead manager RBC Capital Markets.
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