BNG Bank launches April 2029 Kangaroo tap

On 7 January, BNG Bank (AAA/Aaa/AAA) launched a minimum A$25 million (US$17.3 million) increase to its April 2029 Kangaroo bond. The forthcoming deal, which is expected to price on the day of launch, is being marketed at 52 basis points area over semi-quarterly swap, equivalent to 48.75 basis points area over Australian Commonwealth government bond. Mizuho Securities is leading.