ADB launches June 2029 Kangaroo increase

On 27 February, Asian Development Bank (ADB) (AAA/Aaa/AAA) launched a minimum A$100 million (US$71.8 million) increase to its June 2029 Kangaroo bond. The forthcoming deal has indicative price guidance of 42 basis points area over semi-quarterly swap, equivalent to 57 basis points area over Australian Commonwealth government bond. Pricing is expected on the day after launch, according to lead manager TD Securities.