ADB to print at least A$300 million in two Kangaroo taps

Asian Development Bank (ADB) (AAA/Aaa/AAA) launched a minimum A$200 million (US$149.8 million) increase to its September 2023 Kangaroo bond and a further A$100 million minimum to its September 2027 Australian dollar line on 6 June. The transactions are being marketed at 39 and 48 basis points over semi- quarterly swap respectively, or 53.5 and 65 basis points over Australian Commonwealth government bond.