KBN launches 2028 Kangaroo tap
- Friday, 16 March 2018
On 16 March, Kommunalbanken Norway (KBN) (AAA/Aaa) launched a minimum A$50 million (US$38.9 million) increase to its July 2028 Kangaroo bond. The forthcoming transaction has indicative price guidance of 51 basis points area over semi-quarterly swap and 60 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to lead managers Deutsche Bank and RBC Capital Markets.
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