Inter-American Development Bank (IADB) (AAA/Aaa) followed hard on the heels of its Kauri mandate, announced earlier on 11 January, to launch a minimum A$25 million (US$19.7 million) increase to its June 2032 Kangaroo later the same day. Indicative price guidance for the forthcoming transaction is 46 basis points area over semi-quarterly swap and 47 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to lead manager ANZ.