BNG Bank launches tap to its April 2029 Kangaroo bond

Wednesday, 24 October 2018

BNG Bank (AAA/Aaa/AA+) launched a minimum A$20 million (US$14.2 million) increase to its April 2029 Kangaroo bond on 24 October. Indicative price guidance is 52 basis points area over semi-quarterly swap, equivalent to 60.5 basis points area over Australian Commonwealth government bond, with pricing expected on the day of launch. Nomura and RBC Capital Markets are leading.