NWB Bank launches May 2029 Kangaroo tap

On 23 April, NWB Bank (AAA/Aaa) launched an indicative A$15 million (US$10.7 million) increase to its May 2029 Kangaroo bond with price guidance of 53.5 basis points area over semi-quarterly swap. The deal is expected to price on the day of launch, according to sole lead manager Daiwa Capital Markets.