AfDB launches August 2028 Kangaroo tap

On 17 October, African Development Bank (AfDB) (AAA/Aaa/AAA) launched a minimum A$25 million (US$17.8 million) increase to its August 2028 Kangaroo, via ANZ. The forthcoming deal has indicative price guidance of 42 basis points area over semi-quarterly swap, equivalent to 47.85 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch.