BNG Bank (AAA/Aaa/AAA) launched a minimum A$20 million (US$13.8 million) increase to its April 2029 Kangaroo bond, on 21 January. The deal is being marketed at 51 basis points area over semi-quarterly swap, equivalent to 49.9 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to lead manager Citi.