KfW launches February 2021 Kangaroo tap

On 29 November, KfW Bankengruppe (KfW) (AAA/Aaa) launched a minimum A$150 million (US$101.5 million) increase to its February 2021 Kangaroo bond. Indicative price guidance for the forthcoming deal is 24 basis points area over semi-quarterly swap, equivalent to 26.5 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to Nomura.