Deutsche Bahn (AA-/Aa1) opened the books on its debut benchmark Kangaroo transaction on 20 September. Price guidance on the forthcoming deal is 85 basis points area and 95 basis points area respectively over semi-quarterly swap on the seven- and 10-year tranches. The transaction is expected to price as early as 21 September, according to lead managers Daiwa Capital Markets and HSBC.
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