ADB launches new seven-year Kangaroo deal

On 18 February, Asian Development Bank (ADB) (AAA/Aaa/AAA) launched a new, seven-year Kangaroo bond with indicative price guidance of 21 basis points area over semi-quarterly swap and 21.9 basis points area over Australian Commonwealth government bond. The minimum A$300 million (US$232.5 million) deal is expected to price on the day after launch and is being led by RBC Capital Markets, Nomura and TD Securities.