NWB Bank launches tap shortly after first pricing

On 9 June, NWB Bank (AAA/Aaa) launched a minimum A$15 million (US$10.5 million) increase to its December 2030 Kangaroo line. Indicative price guidance for the forthcoming transaction is 64 basis points area over semi-quarterly swap, equivalent to 54 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to lead manager TD Securities.