IFC launches June 2029 Kangaroo tap

International Finance Corporation (IFC) (AAA/Aaa) launched a minimum A$25 million (US$17.2 million) increase to its June 2029 Kangaroo bond, on 22 May. The forthcoming transaction is being marketed at 42 basis points area over semi-quarterly swap, equivalent to 55 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to sole lead manager Nomura.