KBN launches new five-year Kangaroo green bond

On 27 August, Kommunalbanken Norway (KBN) (AAA/Aaa) launched a new, indicative A$250 million (US$183.4 million) five-year Kangaroo green bond. Indicative price guidance for the forthcoming deal is 45 basis points area over semi-quarterly swap, equivalent to 54.25 basis points area over Australian Commonwealth government bond. Pricing is expected on the day after launch, according to joint lead managers RBC Capital Markets and TD Securities.