On 7 June, KfW Bankengruppe (KfW) (AAA/Aaa) launched a minimum A$150 million (US$104.7 million) increase to its June 2022 Kangaroo bond. The forthcoming transaction is being marketed at 33 basis points area over semi-quarterly swap, equivalent to 40.5 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to sole lead manager Nomura.