KfW launches March 2024 Kangaroo increase

On 22 January, KfW Bankengruppe (KfW) (AAA/Aaa) launched a tap of its March 2024 Kangaroo bond, with indicative price guidance of 42 basis points area over semi-quarterly swap and 47.5 basis points area over Australian Commonwealth government bond. Pricing is expected on the day after launch, according to lead managers Deutsche Bank, RBC Capital Markets and TD Securities.