On 30 January, BNG Bank (AAA/Aaa/AAA) launched a A$20 million (US$13.5 million) tap of its April 2029 Kangaroo bond, via TD Securities. The forthcoming deal is being marketed at 51 basis points area over semi-quarterly swap and 50.25 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch.
