IFC launches dual-tranche Kangaroo tap

International Finance Corporation (IFC) (AAA/Aaa) launched a capped increase of A$200 million (US$152.2 million) to its August 2022 Kangaroo bond and a minimum A$100 million increase to its October 2027 Kangaroo bond on 5 July. The transactions are being marketed at 31 basis points over semi-quarterly swap and 45 basis points over semi- quarterly swap respectively. They are expected to price by 6 July according to lead managers J.P. Morgan, Mizuho Securities and TD Securities.