IFC launches June 2029 Kangaroo tap

On 6 August, International Finance Corporation (IFC) (AAA/Aaa) launched a minimum A$50 million (US$37 million) increase to its June 2029 Kangaroo bond. The forthcoming deal is being marketed at 41 basis points area over semi-quarterly swap, equivalent to 54 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to lead manager TD Securities.