Latest News
On 24 August, International Finance Corporation (IFC) (AAA/Aaa) launched a minimum A$100 million (US$72.5 million) increase to its April 2025 Kangaroo. The forthcoming deal will price on the day of launch and is being marketed at 40 basis points area over semi-quarterly swap, equivalent to 40.25 basis points area over Australian Commonwealth government bond. TD Securities is sole lead manager.
National Australia Bank (NAB)’s first foray into the euro market for 2018 – five- and 10-year transaction in which the shorter-dated notes were green bonds – garnered a large oversubscription and tightened pricing in a busy market. Deal sources say NAB’s updated green bond programme, which now incorporates the UN Sustainable Development Goals (SDGs) played a part in the deal’s reception.
On 24 August, KfW Bankengruppe (KfW) (AAA/Aaa) launched an increase to its March 2028 Kangaroo bond, via Citi and Nomura. The forthcoming deal has indicative price guidance of 38 basis points area over semi-quarterly swap, equivalent to 43 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch.
On 23 August, Inter-American Development Bank (IADB) (AAA/Aaa) launched a minimum A$50 million (US$36.6 million) tap of its June 2029 Kangaroo. The forthcoming deal is expected to price on the day of launch, and has indicative price guidance of 41 basis points area over semi-quarterly swap, equivalent to 53 basis points area over Australian Commonwealth government bond. Mizuho Securities is sole lead manager.
NWB Bank (AAA/Aaa) launched a minimum A$15 million (US$11 million) increase of its July 2028 Kangaroo on 23 August, via TD Securities. The forthcoming deal is being marketed at 56 basis points area over semi-quarterly swap, equivalent to 63.25 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch.