OKB launches November 2028 Kangaroo tap

On 22 March, Oesterreichische Kontrollbank (OKB) (AA+/Aa1) launched a minimum A$25 million (US$17.8 million) increase of its November 2028 Kangaroo bond, with indicative price guidance of 52 basis points area over semi-quarterly swap and 61.75 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to sole lead TD Securities.