NRW.BANK prices A$20 million May 2028 Kangaroo tap

Issuer: NRW.BANK
Issuer rating: AA-/Aa1/AAA
Issue rating: as issuer
Pricing date: 10 August 2018
Settlement date: 17 August 2018
Maturity date: 8 May 2028
Lead managers: Nomura, RBC Capital Markets

Volume: A$20 million (US$14.7 million)
Total outstanding in the line: A$180 million
Coupon type: fixed
Coupon rate: 3.5%
Issue/re-offer price: 101.295%
Issue yield: 3.2425%
Margin to swap: 65bp/s-q
Margin to ACGB: 72bp/May 2028