KfW Bankengruppe (KfW) (AAA/Aaa/AAA) launched an increase to its A$300 million (US$238.9 million) March 2028 Kangaroo bond late Sydney time on 16 January. Indicative price guidance is 46 basis points area over semi-quarterly swap, equivalent to 49.5 basis points area over Australian Commonwealth government bond, according to lead managers Nomura and RBC Capital Markets.
Province of Alberta (Alberta) (A+/A1) launched a minimum A$50 million (US$39.8 million) increase to its April 2028 Kangaroo bond on 16 January, via RBC Capital Markets. The forthcoming transaction is being marketed at 60 basis points area over semi-quarterly swap, with pricing expected on or before 17 January.
On 16 January, Kommunalbanken Norway (KBN) (AAA/Aaa) launched a minimum A$100 million (US$79.6 million) 10.5-year Kangaroo bond with indicative price guidance of 60 basis points area over semi-quarterly swap and 65.5 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to lead managers Daiwa Capital Markets, J.P. Morgan and TD Securities.