BNG Bank launches November 2030 Kangaroo tap

BNG Bank (AAA/Aaa/AAA) launched a A$20 million (US$15.5 million) minimum increase to its November 2030 Kangaroo line late in the day on 9 February. The forthcoming deal is being marketed at 32 basis points area over semi-quarterly swap, equivalent to 40.9 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to lead manager RBC Capital Markets.