BNG prints A$25 million tap to April 2029 Kangaroo line

Wednesday, 03 August 2022

Issuer name: BNG Bank
Issuer rating: AAA/Aaa/AAA
Issue rating: as issuer
Pricing date: 3 August 2022
Settlement date: 10 August 2022
Maturity date: 26 April 2029
Lead manager: J.P. Morgan

Volume: A$25 million (US$17.3 million)
Total outstanding volume: A$1.39 billion
Coupon type: fixed
Coupon rate: 3.3%
Issue/re-offer price: 97.493%
Issue yield: 3.725%
Margin: 47bp/s-q swap
Margin to ACGB: 80.7bp/April 2029