NRW.BANK launches May 2028 Kangaroo tap

Late in the Sydney day on 9 August, NRW.BANK (AAA/Aa1/AA-) launched a minimum A$20 million (US$14.7 million) increase to its May 2028 Kangaroo bond. The forthcoming deal is being marketed at 65 basis points area over semi-quarterly swap and 72 basis points area over Australian Commonwealth government bond. Pricing is expected on 10 August according to lead managers Nomura and RBC Capital Markets.