EIB launches 2024 Kangaroo increase

Late in the Sydney day on 26 April, European Investment Bank (EIB) (AAA/Aaa/AAA) launched an indicative A$200 million (US$151.1 million) increase to its August 2024 Kangaroo line. The forthcoming deal is being marketed at 41 basis points area over semi-quarterly swap and 40 basis points area over Australian Commonwealth government bond. The transaction will price on 27 April, according to sole lead manager Nomura.