L-Bank to tap its 2025 Kangaroo bond

L-Bank (AAA/Aaa/AAA) launched a A$50 million (US$35.1 million) minimum increase to its August 2025 Kangaroo bond on 23 July. The tap, which has Commonwealth Bank of Australia, Deutsche Bank, Nomura and RBC Capital Markets as leads, has an indicative margin of 48 basis points over semi-quarterly swap and is expected to price the day after launch.