On 19 June, BNG Bank (AAA/Aaa/AAA) launched a minimum A$20 million (US$13.7 million) increase to its November 2030 Kangaroo bond. Indicative price guidance for the forthcoming deal is 64 basis points area over semi-quarterly swap, equivalent to 61.6 basis points area over May 2030. Pricing is expected on the day of launch, according to lead manager RBC Capital Markets.
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