KBN launches tap to its December 2030 Kangaroo line

On 22 January, Kommunalbanken Norway (KBN) (AAA/Aaa) launched a A$25 million (US$19.4 million) minimum increase to its December 2030 Kangaroo line. Indicative price guidance for the deal is 33 basis points area over semi-quarterly swap, equivalent to 31.25 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to lead manager TD Securities.