BNG Bank launches April 2029 Kangaroo tap

On 15 August, BNG Bank (AAA/Aaa/AAA) launched a minimum A$25 million (US$16.9 million) increase to its April 2029 Kangaroo bond. Indicative price guidance for the forthcoming transaction is 52 basis points area over semi-quarterly swap, equivalent to 56.25 basis points area over Australian Commonwealth government bond.