KBN launches April 2023 Kangaroo bond increase

On 6 March, Kommunalbanken Norway (KBN) (AAA/Aaa) launched a minimum A$200 million (US$141.2 million) tap of its April 2023 Kangaroo bond. The forthcoming deal has indicative price guidance of 43 basis points area over semi-quarterly swap. Pricing is expected on the day after launch, according to joint lead managers Deutsche Bank, J.P. Morgan and TD Securities.