KBN launches new 10.5-year Kangaroo bond
- Tuesday, 14 May 2019
Kommunalbanken Norway (KBN) (AAA/Aaa) launched a new, 10.5-year, minimum A$50 million (US$34.8 million) Kangaroo transaction, on 14 May. The forthcoming deal has indicative price guidance of 53 basis points area over semi-quarterly swap, equivalent to 71.65 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to sole lead manager J.P. Morgan.
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