BNG Bank launches August 2026 Kangaroo increase

On 22 July, BNG Bank (AAA/Aaa/AAA) launched a minimum A$50 million (US$35.2 million) tap of its August 2026 Kangaroo bond, via Commonwealth Bank of Australia and Nomura. The forthcoming deal is being marketed at 48 basis points area over semi-quarterly swap and 56.5 basis points area over Australian Commonwealth government bond. Pricing is expected on the day after launch.