IADB launches August 2024 Kangaroo tap

Inter-American Development Bank (IADB) (AAA/Aaa) launched a minimum A$100 million (US$69.2 million) increase to its August 2024 Kangaroo bond, on 16 May. The forthcoming transaction has indicative price guidance of 35 basis points area over semi-quarterly swap, equivalent to 46.25 basis points area over Australian Commonwealth government bond.