BNG Bank launches tap of April 2029 Kangaroo

BNG Bank (AAA/Aaa/AAA) launched a minimum A$25 million (US$17.3 million) increase to its April 2029 Kangaroo deal on 21 May, with indicative price guidance in the area of 54 basis points over semi-quarterly swap and 66.2 basis points over Australian Commonwealth government bond. J.P. Morgan is sole lead manager.