KfW readies tap of February 2025 Kangaroo

KfW Bankengruppe (KfW) (AAA/Aaa/AAA) mandated a minimum A$150 million (US$107.2 million) increase to its February 2025 Kangaroo bond on 9 April. The tap is being marketed at 41 basis points area over semi-quarterly swap, equivalent to 50 basis points area over Australian Commonwealth government bond, via Nomura.