OKB launches minimum A$25 million August 2027 Kangaroo tap

Oesterreichische Kontrollbank (OKB) (AA+/Aa1) launched a minimum A$25 million (US$20 million) increase to its August 2027 Kangaroo line late in the Sydney day on 18 January. The forthcoming transaction has indicative price guidance of 59 basis points area over semi-quarterly swap and is expected to price on 19 January, according to lead manager TD Securities.