KfW launches June 2022 Kangaroo tap

On 4 June, KfW Bankengruppe (AAA/Aaa) launched a minimum A$100 million (US$69 million) increase to its June 2022 Kangaroo bond. The forthcoming deal is being marketed at 34 basis points area over semi-quarterly swap, equivalent to 26.65 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to sole lead manager Nomura.