ADB launches new 11-year Kangaroo bond
- Tuesday, 03 July 2018
Asian Development Bank (ADB) (AAA/Aaa/AAA) launched a minimum A$150 million (US$110.1 million) 11-year Kangaroo bond on 3 July. The forthcoming deal is being marketed at 41 basis points area over semi-quarterly swap and 54.25 basis points area over Australian Commonwealth government bond. Pricing is expected on the day after launch, according to lead managers Mizuho Securities and TD Securities.
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