ADB mandates tap to its September 2027 Kangaroo bond

Asian Development Bank (ADB) (AAA/Aaa/AAA) launched a minimum A$100 million (US$79.6 million) increase to its September 2027 Kangaroo line on 5 September. The forthcoming transaction is being marketed at 45 basis points area over semi-quarterly swap and is expected to price on or before 6 September, lead managers ANZ and Deutsche Bank reveal.