ADB launches new 10-year Kangaroo deal

On 14 January, Asian Development Bank (ADB) (AAA/Aaa/AAA) launched a new, 10-year Kangaroo deal with minimum volume of A$150 million (US$116.2 million). The forthcoming deal has indicative price guidance of 31 basis points area over semi-quarterly swap and 30.2 basis points area over Australian Commonwealth government bond. Pricing is expected on the day after launch according to lead managers J.P. Morgan, Nomura and RBC Capital Markets.