ADB to tap its 2032 Kangaroo by A$60 million

Wednesday, 19 July 2017

Asian Development Bank (ADB) (AAA/Aaa/AAA) launched a A$60 million (US$47.6 million) increase to its March 2032 Kangaroo bond on 19 June. The Mizuho Securities-led tap is being marketed at 62.25 basis points over Australian Commonwealth government bond or 45 basis points over semi-quarterly swap, and will price on day of launch.