IFC launches April 2035 Kangaroo social bond increase

International Finance Corporation (AAA/Aaa) launched a minimum A$25 million (US$16.4 milion) tap to its April 2035 Kangaroo social bond on 20 May. Indicative price guidance for the forthcoming deal is 54 basis points area over semi-quarterly swap, equivalent to 39.25 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to ANZ.