EIB launches January 2031 Kangaroo increase

Late in the day on 20 April, European Investment Bank (EIB) (AAA/Aaa/AAA) launched a minimum A$100 million (US$77.3 million) tap of its January 2031 Kangaroo bond. The forthcoming deal has indicative price guidance of 27 basis points area over semi-quarterly swap and 29 basis points area over Australian Commonwealth government bond. Pricing is expected on 21 April according to lead manager Nomura.