NWB Bank launches May 2029 Kangaroo tap
- Wednesday, 16 January 2019
On 16 January, NWB Bank (AAA/Aaa) launched a minimum A$25 million (US$18 million) tap of its May 2029 Kangaroo bond, via Mizuho Securities. The forthcoming deal is being marketed at 54 basis points area over semi-quarterly swap, equivalent to 67 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch.
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