IFC launches new short 11-year Kangaroo transaction

On 17 July, International Finance Corporation (IFC) (AAA/Aaa) launched a new, short 11-year Kangaroo bond. The forthcoming deal has indicative price guidance of 41 basis points area over semi-quarterly swap and 54.5 basis points area over Australian Commonwealth government bond. Pricing is expected on the day after launch according to lead managers Nomura, RBC Capital Markets and TD Securities.