IADB launches minimum A$25 million June 2029 Kangaroo increase

Inter-American Development Bank (IADB) (AAA/Aaa/AAA) launched a minimum A$25 million (US$17.8 million) increase to its June 2029 Kangaroo bond, on 23 April. The forthcoming transaction has indicative price guidance of 42 basis points area over semi-quarterly swap, equivalent to 54.85 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to sole lead manager TD Securities.