AfDB launches August 2028 Kangaroo tap

African Development Bank (AfDB) (AAA/Aaa) launched a minimum A$25 million (US$19 million) increase to its August 2028 Kangaroo on 22 May, via TD Securities. The forthcoming deal has indicative price guidance of 42 basis points area over semi-quarterly swap and 46.75 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch.