ADB mandates two Kangaroo taps

Asian Development Bank (ADB) (AAA/Aaa/AAA) mandated an increase to two Kangaroo bonds on 9 May. ADB is planning to increase its January 2022 Kangaroo by at least A$350 million (US$258.7 million) with price guidance of 33 basis points over semi-quarterly swap. It is also marketing a A$100 million increase to its September 2027 line at 48 basis points over semi-quarterly swap.