NWB launches 10.5-year Kangaroo bond

Thursday, 18 January 2018

NWB Bank (NWB) (AAA/Aaa) will price a minimum A$50 million (US$40 million) new 10.5-year Kangaroo line on 18 January, after the transaction was launched late Sydney time the day prior. Price guidance for the July 2028 maturity transaction is 62 basis points over semi-quarterly swap, according to lead managers Daiwa Capital Markets, J.P. Morgan and RBC Capital Markets.