BNG prints A$25 million tap to November 2030 line

Tuesday, 09 August 2022

Updated

Issuer name: BNG Bank
Issuer rating: AAA/Aaa/AAA
Issue rating: as issuer
Pricing date: 9 August 2022
Settlement date: 16 August 2022
Maturity date: 27 November 2030
Lead managers: RBC Capital Markets

Transaction type: senior-unsecured Kangaroo
Volume: A$25 million (US$17.5 million)
Total outstanding in the line: A$615 million
Coupon type: fixed
Coupon rate: 1.6%
Issue/re-offer price: 83.575%
Issue yield: 4%
Margin to swap: 45bp/s-q swap
Margin to ACGB: 84.8bp/December 2030