Rentenbank to increase April 2028 Kangaroo

On 19 March, Rentenbank (AAA/Aaa/AAA) launched a minimum A$50 million (US$38.5 million) increase to its April 2028 Kangaroo bond via J.P. Morgan. The forthcoming deal is being marketed at 42 basis points area over semi-quarterly swap, equivalent to 50 basis points area over Australian Commonwealth government bond.