On 16 April, Province of Ontario (Ontario) (A+/Aa3) launched a new, 10.5-year, minimum A$40 million (US$28.7 million) Kangaroo bond. The forthcoming transaction is being marketed at 62 basis points area over semi-quarterly swap, equivalent to 78.9 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to sole lead manager TD Securities.
