BNG Bank launches July 2028 Kangaroo increase
- Friday, 21 February 2020
On 21 February, BNG Bank (AAA/Aaa/AAA) launched a minimum A$25 million (US$16.5 million) increase to its July 2028 Kangaroo bond. Indicative price guidance for the forthcoming transaction is 50 basis points area over semi-quarterly swap, equivalent to 48.25 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to Mizuho Securities.
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