BNG Bank prints new A$40 million 2036 Kangaroo bond

Issuer: BNG Bank
Issuer rating: AAA/Aaa/AAA
Issue rating: as issuer
Pricing date: 24 February 2021
Settlement date: 3 March 2021
Maturity date: 3 March 2036
Lead manager: RBC Capital Markets

Volume: A$40 million (US$31.9 million)
Total outstanding in the line: A$40 million
Coupon type: fixed
Coupon rate: 2.3%
Issue/re-offer price: 99.685%
Issue yield: 2.325%
Margin to swap: 35bp/s-q
Margin to ACGB: 36.25bp/June 2035