NRW.BANK to tap its 2028 Kangaroo

NRW.BANK (AA-/Aa1/AAA) launched a minimum A$30 million (US$24 million) increase to its May 2028 Kangaroo bond on 24 January, via TD Securities. The tap, which is set to price on day of launch, is being marketed at 77 basis points over Australian Commonwealth government bond or 70 basis points over swap.