African Development Bank (AfDB) (AAA/Aaa/AAA) launched a minimum A$50 million (US$34.3 million) increase to its March 2022 Kangaroo bond on 17 September. The deal is being marketed at 37 basis points area over semi-quarterly swap, equivalent to 38.8 basis points area over Australian Commonwealth government bond. Pricing is expected on or before 18 September, according to lead manger Nomura.