BNG and AfDB print Kangaroo taps

Friday, 19 March 2021

Issuer: BNG Bank
Issuer rating: AAA/Aaa/AAA
Issue rating: as issuer
Pricing date: 18 March 2021
Settlement date: 25 March 2021
Maturity date: 26 April 2029
Lead manager: TD Securities

Volume: A$40 million (US$31 million)
Total outstanding in the line: A$1.36 billion
Coupon type: fixed
Coupon rate: 3.3%
Issue/re-offer price: 111.381%
Issue yield: 1.7825%
Margin to swap: 31bp/s-q
Margin to ACGB: 33.75bp/April 2029

 

Issuer: African Development Bank
Issuer rating: AAA/Aaa/AAA
Issue rating: as issuer
Pricing date: 18 March 2021
Settlement date: 25 March 2021
Maturity date: 8 August 2028
Lead manager: J.P. Morgan

Volume: A$40 million
Total outstanding in the line: A$625 million
Coupon type: fixed
Coupon rate: 3.35%
Issue/re-offer price: 112.11% (plus 0.416% accrued)
Issue yield: 1.6025%
Margin to swap: 26bp/s-q
Margin to ACGB: 32.8bp/May 2028