KfW to increase its 2024 Kangaroo

KfW Bankengruppe (KfW) (AAA/Aaa/AAA) mandated a tap of its March 2024 Kangaroo bond on 27 February, with pricing expected the following day. The J.P. Morgan-led increase has an indicative margin of 40 basis points over semi-quarterly swap or 50.5 basis points over the April 2024 Australian Commonwealth government bond.