NRW.BANK launches new 10-year Kangaroo social bond
- Thursday, 15 April 2021
On 15 April, NRW.BANK (AA/Aa1/AAA) launched a new 10-year, Kangaroo, A$80 million (US$61.7 million) minimum, social-bond transaction. Indicative price guidance for the deal is 35 basis points area over semi-quarterly swap, equivalent to 33.75 basis points area over Australian Commonwealth government bond. Pricing is expected on the day after launch, according to lead manager Nomura.
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