Rentenbank launches 10.5-year Kangaroo benchmark deal

Rentenbank (AAA/Aaa/AAA) launched a new 10.5-year, Kangaroo benchmark deal on 23 July. The transaction is being marketed at 45 basis points area over semi-quarterly swap, equivalent to 61.5 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to joint lead managers Nomura and TD Securities.