BNG Bank launches April 2029 Kangaroo tap

On 6 November, BNG Bank (AAA/Aaa/AAA) launched a minimum A$25 million (US$17.2 million) increase to its April 2029 Kangaroo bond. Indicative price guidance for the forthcoming deal is 52 basis points area over semi-quarterly swap, equivalent to 55 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to Nomura.