BNG Bank (AAA/Aaa) launched an indicative A$20 million (US$13.5 million) increase to its July 2028 Kangaroo bond on 28 August. 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 52.9 basis points area over Australian Commonwealth government bond. J.P. Morgan is leading.