Rentenbank launches April 2028 Kangaroo increase

On 24 May, Rentenbank (AAA/Aaa/AAA) launched a minimum A$50 million (US$37.7 million) tap of its April 2028 Kangaroo, via TD Securities. Indicative price guidance for the forthcoming transaction is 40 basis points area over semi-quarterly swap and 45 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch.