NWB mandates tap to its July 2027 Kangaroo

NWB Bank (NWB) (AAA/Aaa) mandated a minimum A$15 million (US$12 million) increase to its July 2027 Kangaroo bond on 30 August. The forthcoming deal is being marketed in the area of 65 basis points over semi-quarterly swap and 73 basis points over Australian Commonwealth government bond, according to sole lead Nomura.