BNG Bank launches April 2029 Kangaroo tap
- Monday, 17 June 2019
BNG Bank (AAA/Aaa/AAA) launched a minimum A$20 million (US$13.7 million) increase to its April 2029 Kangaroo bond, on 17 June. Indicative price guidance for the forthcoming transaction is 52 basis points area over semi-quarterly swap, equivalent to 63.75 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to joint lead managers RBC Capital Markets and TD Securities.
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