NWB Bank launches May 2029 Kangaroo tap

Wednesday, 06 February 2019

NWB Bank (AAA/Aaa) launched a minimum A$15 million (US$10.7 million) tap to its May 2029 Kangaroo on 6 February via Daiwa Capital Markets. The increase has price guidance of 57 basis points area over semi-quarterly swap and 68.25 basis points area over Australian Commonwealth government bond, and is expected to price the same day as launch.