Inter-American Development Bank (IADB) (AAA/Aaa/AAA) launched a minimum A$25 million (US$17.8 million) increase to its June 2029 Kangaroo bond, on 23 April. The forthcoming transaction has indicative price guidance of 42 basis points area over semi-quarterly swap, equivalent to 54.85 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to sole lead manager TD Securities.
On 23 April, NWB Bank (AAA/Aaa) launched an indicative A$15 million (US$10.7 million) increase to its May 2029 Kangaroo bond with price guidance of 53.5 basis points area over semi-quarterly swap. The deal is expected to price on the day of launch, according to sole lead manager Daiwa Capital Markets.