NRW.BANK launches May 2028 Kangaroo tap

On 11 January, NRW.BANK (AA-/Aa1/AAA) launched a minimum A$25 million (US$19.6 million) increase to its May 2028 Kangaroo bond, via TD Securities. The forthcoming transaction is being marketed at 70 basis points area over semi-quarterly swap and 75.5 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch.