KBN launches minimum A$25 million tap to its 2026 Kangaroo

Kommunalbanken Norway (KBN) (AAA/Aaa) launched a minimum A$25 million (US$19.1 million) increase to its December 2026 Kangaroo bond on 12 July. Initial price guidance on the forthcoming transaction is 60 basis points area over semi-quarterly swap or 75.75 basis points area over Australian Commonwealth government bond.