Kiwibank starts marketing Kangaroo covered bond

On 15 September, Kiwibank (A/A1/AA-) began taking indications of interest for its debut, five-year, Kangaroo, soft-bullet, covered-bond deal. The transaction is being marketed at 80 basis points area over three-month bank bills and is expected to launch as early as 16 September. ANZ and UBS are leading.