Rentenbank adds A$100 million to May 2029 Kangaroo

Issuer name: Rentenbank
Issuer rating: AAA/Aaa/AAA
Pricing date: 14 March 2024
Settlement date: 21 March 2024
Maturity date: 25 May 2029
Lead manager: Citi

Transaction type: senior-unsecured Kangaroo bond tap
Volume: A$100 million (US$66.2 million)
Total outstanding in the line: A$850 million
Coupon type: fixed
Coupon rate: 3.2%
Issue/re-offer price: 95.049%
Issue yield: 4.275%
Margin to swap: 34bp/s-q