NWB Bank launches increase to July 2028 Kangaroo

NWB Bank (AAA/Aaa) launched a minimum A$15 million (US$10.9 million) increase to its July 2028 Kangaroo bond on 17 August, via Nomura. Indicative price guidance for the forthcoming deal is 55 basis points area over semi-quarterly swap, equivalent to 63.25 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch.