Rentenbank launches April 2024 Kangaroo tap

Rentenbank (AAA/Aaa/AAA) launched a minimum A$100 million (US$69.6 million) increase of its April 2024 Kangaroo bond, on 11 June. The forthcoming transaction has indicative price guidance of 38 basis points area over semi-quarterly swap, equivalent to 45.4 basis points area over Australian Commonwealth government bond. Mizuho Securities and RBC Capital Markets are joint lead managers for the deal.