IFC launches June 2029 Kangaroo tap

International Finance Corporation (IFC) (AAA/Aaa) launched a minimum A$25 million (US$17.6 million) increase to its June 2029 Kangaroo bond, on 22 July. Indicative price guidance for the forthcoming transaction is 43 basis points area over semi-quarterly swap, equivalent to 53.25 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to sole lead manager Nomura.