On 14 May, Inter-American Development Bank (IADB) (AAA/Aaa/AAA) launched an indicative A$25 million (US$19.3 million) tap of its June 2032 Kangaroo bond. The forthcoming deal is being marketed at 30 basis points area over semi-quarterly swap and 26.1 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch according to lead manager Nomura.