On 11 December, Province of Manitoba (A+/Aa2) launched a minimum A$30 million (US$21.6 million) increase to its August 2028 Kangaroo bond, via ANZ. The forthcoming deal is being marketed at 59 basis points area over semi-quarterly swap. Pricing is expected on the day of launch.
On 6 December, NWB Bank (AAA/Aaa) launched a minimum A$60 million (US$43.5 million) increase to its July 2028 Kangaroo bond. The forthcoming deal has indicative price guidance of 47 basis points area over semi-quarterly swap, equivalent to 50.75 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to lead manager RBC Capital Markets.