ADB launches new 5.5-year Kangaroo deal

Asian Development Bank (ADB) (AAA/Aaa/AAA) launched a new, minimum A$300 million (US$213.7 million), 5.5-year Kangaroo deal on 26 October. The forthcoming transaction has indicative price guidance of 24 basis points area over semi-quarterly swap and 20.5 basis points area over Australian Commonwealth government bond. Pricing is expected on the day after launch, according to lead managers Deutsche Bank, Nomura and TD Securities.