BNG Bank launches April 2029 Kangaroo tap
- Friday, 19 July 2019
BNG Bank (AAA/Aaa/AAA) launched a minimum A$15 million (US$10.6 million) increase to its April 2029 Kangaroo line, on 19 July. Indicative price guidance for the forthcoming transaction is 52 basis points area over semi-quarterly swap, equivalent to 60.45 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to sole lead manager TD Securities.
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