ADB launches increase to September 2023 Kangaroo

On 4 September, Asian Development Bank (ADB) (AAA/Aaa/AAA) launched an indicative A$200 million (US$144.4 million) increase to its September 2023 Kangaroo bond. Indicative price guidance for the forthcoming deal is 37 basis points area over semi-quarterly swap, equivalent to 43 basis points area over Australian Commonwealth government bond.