Kommunalbanken Norway (KBN) (AAA/Aaa) launched an increase to its November 2029 Kangaroo on 26 July. The forthcoming transaction has indicative price guidance of 52 basis points area over semi-quarterly swap, equivalent to 65.5 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to joint lead managers Deutsche Bank and Mizuho Securities.