IFC launches April 2035 Kangaroo social bond tap

On 12 June, International Finance Corporation (IFC) (AAA/Aaa) launched a minimum A$100 million (US$68.5 million) increase to its April 2035 Kangaroo social bond. Indicative price guidance for the forthcoming deal is 51 basis points area over semi-quarterly swap, equivalent to 34.75 basis points area over Australian Commonwealth government bond.