Vodafone launches dual-tranche Kangaroo transaction

On 7 December, Vodafone Group (Vodafone) (BBB+/Baa1/BBB+) launched a new, dual-tranche Australian dollar-denominated transaction. The five- and 10-year tranches are being marketed at 110 and 170 basis points area respectively over semi-quarterly swap. The deal will price on 8 December, according to lead managers National Australia Bank, RBC Capital Markets and UBS.