NWB Bank (AAA/Aaa) launched an indicative A$25 million (US$18.2 million) tap of its July 2028 Kangaroo bond on 14 August, via Mizuho Securities. The forthcoming deal is being marketed at 54 basis points area over semi-quarterly swap, equivalent to 61.75 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch.