BNG Bank (AAA/Aaa/AAA) launched a minimum A$20 million (US$13.7 million) increase to its July 2028 Kangaroo bond on 18 September. Indicative price guidance for the forthcoming transaction, which is expected to price on the day of launch, is 51 basis points area over semi-quarterly swap, equivalent to 50.6 basis points area over Australian Commonwealth government bond. RBC Capital Markets is leading.
Central Nippon Expressway Company (CENEXP)’s first public issuance of Australian dollar denominated bonds was issued off the back of reverse enquiries from investors, deal sources say. After initially announcing an Australian and US dollar mandate, CENEXP elected to print A$350 million (US$240.6 million) of five-year bonds on 11 September in the Reg S market.