BNG prepares to tap its July 2028 Kangaroo bond

Wednesday, 17 January 2018

BNG Bank (BNG) (AAA/Aaa/AA+) launched an indicative A$20 million tap of its July 2028 Kangaroo line on 17 January, via J.P. Morgan and TD Securities. The forthcoming deal is being marketed at 63 basis points over semi-quarterly swap and 69.75 basis points over Australian Commonwealth government bond, and will price on the same day as launch.