On 23 August, Inter-American Development Bank (IADB) (AAA/Aaa) launched a minimum A$50 million (US$36.6 million) tap of its June 2029 Kangaroo. The forthcoming deal is expected to price on the day of launch, and has indicative price guidance of 41 basis points area over semi-quarterly swap, equivalent to 53 basis points area over Australian Commonwealth government bond. Mizuho Securities is sole lead manager.