BNG Bank launches increase to April 2029 Kangaroo

On 16 April, BNG Bank (AAA/Aaa/AAA) launched a minimum A$20 million (US$14.3 million) increase to its April 2029 Kangaroo bond, via RBC Capital Markets. The forthcoming deal is being marketed at 54 basis points area over semi-quarterly swap, equivalent to 65.75 basis points area over Australian Commonwealth government bond and is expected to price on the day of launch.