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
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