KBN launches January 2032 Kangaroo increase

Kommunalbanken Norway (KBN) (AAA/Aaa) launched a minimum A$25 million (US$19 million) tap to its January 2032 Kangaroo bond on 15 November, via Mizuho Securities. Indicative price guidance is 63.5 basis points area over semi-quarterly swap and 83.25 basis points area over the April 2029 Australian Commonwealth government bond. Pricing is expected on day of launch.