On 25 June, KfW Bankengruppe (AAA/Aaa/AAA) launched an indicative A$150 million (US$113.9 million) increase to its March 2023 Kangaroo. Indicative price guidance is 0.5 basis points area over semi-quarterly swap, equivalent to 14.75 basis points area over Australian Commonwealth government bond. The transaction is expected to price on the day of launch, according to lead manager Morgan Stanley.
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