BNG Bank tops up its August 2026 Kangaroo by A$100 million [UPDATED]
- Tuesday, 04 October 2016
BNG Bank (AAA/Aaa/AA+) priced a A$100 million (US$76.7 million) increase to its August 2026-maturity Kangaroo line on October 4.The trade was initially marketed as a minimum A$25 million tap with price guidance of 75 basis points over semi-quarterly swap and 74 basis points over Australian Commonwealth government bond (ACGB). According to KangaNews data, the line was introduced in February of this year for A$50 million with pricing of 75.75 basis points over ACGB.
