On 24 March, NRW.BANK (AA/Aa1/AAA) launched a new A$250 million (US$190.7 million) minimum, five-year, Kangaroo, social-bond transaction. Indicative price guidance for the deal is 34 basis points area over semi-quarterly swap, equivalent to 42.25 basis points area over Australian Commonwealth government bond. Deutsche Bank, Nomura and RBC Capital Markets are leading.