Late in the Sydney day on 22 February, Asian Development Bank (ADB) (AAA/Aaa/AAA) launched a minimum A$100 million (US$78.4 million) increase to its August 2028 Kangaroo bond. Indicative price guidance for the forthcoming transaction is 42 basis points area over semi-quarterly swap and 47.05 basis points area over Australian Commonwealth government bond. Pricing is expected on the day after launch, according to lead managers Deutsche Bank and TD Securities.