BNG prices A$100 million increase to July 2032 social Kangaroo
- Friday, 03 February 2023
Issuer name: BNG Bank
Issuer rating: AAA/Aaa/AAA
Issue rating: as issuer
Pricing date: 3 February 2023
Settlement date: 10 February 2023
Maturity date: 21 July 2032
Lead managers: Daiwa Capital Markets, RBC Capital Markets, TD Securities
Transaction type: senior-unsecured Kangaroo social bond tap
Volume: A$100 million (US$70.6 million)
Total outstanding in the line: A$600 million
Coupon type: fixed
Coupon rate: 2.45%
Issue/re-offer price: 84.039%
Issue yield: 4.5475% semi-annually
Margin: 65bp/s-q swaps
Margin to ACGB: 118.05bp/May 2032
WOMEN IN CAPITAL MARKETS Yearbook 2023
KangaNews's annual yearbook amplifying female voices in the Australian capital market.
SSA Yearbook 2023
The annual guide to the world's most significant supranational, sovereign and agency sector issuers.
Related news
Quantum leap for Canadian provinces as Québec smashes Kangaroo record
Investor diversity, relative value and the growing status of the Australian dollar market lined up for Province of Québec as it shattered the record volume for a Canadian province Kangaroo transaction. The A$1.35 billion, 10-year print was nearly four times larger than any previous deal from the sector – a record that had stood for a decade.
