IFC launches April 2035 social-bond Kangaroo tap
- Wednesday, 03 February 2021
On 3 February, International Finance Corporation (IFC) (AAA/Aaa) launched a A$20 million (US$15.2 million) minimum increase of its Kangaroo, April 2035, social bond. The forthcoming deal has indicative price guidance of 34 basis points area over semi-quarterly swap, equivalent to 34.5 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to lead manager Mizuho Securities.
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