Kiwibank targets A$100 million minimum in Kangaroo return

Friday, 20 October 2017

Kiwibank (A/A1/AA-) launched its latest Kangaroo transaction on 20 October. The 10-year, fixed-rate deal has minimum volume of A$100 million (US$78.6 million) and indicative pricing of 157 basis points over semi-quarterly swap. It is expected to price on day of launch via ANZ.