BNG Bank launches July 2028 Kangaroo tap

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.