ADB to tap August 2028 Kangaroo bond

Asian Development Bank (ADB) (AAA/Aaa/AAA) launched a minimum A$100 million (US$77.6 million) increase to its August 2028 Kangaroo bond on 22 March. The forthcoming deal is being marketed at 41 basis points area over semi-quarterly swap, equivalent to 48.5 basis points area over Australian Commonwealth government bond.