BNG Bank launches 2029 ‘renewable-energy’ Kangaroo tap

BNG Bank (AAA/Aaa) launched a minimum A$15 million (US$10.7 million) increase to its July 2029 ‘renewable-energy’ Kangaroo bond on 21 February, via Daiwa Capital Markets. The forthcoming deal is being marketed at 54 basis points area over semi-quarterly swap and is expected to price on the day of launch.