BNG Bank launches July 2028 Kangaroo increase
- Thursday, 04 June 2020
BNG Bank (AAA/Aaa/AAA) launched a A$20 million (US$13.8 million) increase to its July 2028 Kangaroo bond on 4 June. Indicative price guidance for the forthcoming transaction is 63 basis points area over semi-quarterly swap, equivalent to 51.2 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to sole lead manager J.P. Morgan.
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