Manitoba launches August 2028 Kangaroo increase

On 5 March, Province of Manitoba (Manitoba) (A+/Aa2) launched a minimum A$50 million (US$38.7 million) increase to its August 2028 Kangaroo bond, via Daiwa Capital Markets and TD Securities. The forthcoming deal is being marketed at 55 basis points area over semi-quarterly swap and 58.75 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch.