Alberta launches minimum A$50 million 2028 Kangaroo bond increase

On 20 April, Province of Alberta (Alberta) (A+/Aa1) launched a minimum A$50 million (US$38.6 million) increase to its April 2028 Kangaroo bond, via RBC Capital Markets. Indicative price guidance for the forthcoming transaction is 52 basis points area over semi-quarterly swap and 55 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch.