BNG Bank launches minimum A$30 million July 2028 Kangaroo tap
- Monday, 15 January 2018
On 15 January, BNG Bank (AAA/Aaa/AA+) launched a minimum A$30 million (US$23.7 million) increase to its July 2028 Kangaroo bond. Indicative price guidance for the transaction is 63 basis points area over semi-quarterly swap and 69.75 basis points area over Australian Commonwealth government bond. The deal will price on the day of launch, according to lead managers Deutsche Bank, Nomura and RBC Capital Markets.
SSA Yearbook 2023
The annual guide to the world's most significant supranational, sovereign and agency sector issuers.
Related news
Quantum leap for Canadian provinces as Québec smashes Kangaroo record
Investor diversity, relative value and the growing status of the Australian dollar market lined up for Province of Québec as it shattered the record volume for a Canadian province Kangaroo transaction. The A$1.35 billion, 10-year print was nearly four times larger than any previous deal from the sector – a record that had stood for a decade.
