Late on the Australian day on 19 February, BNG Bank (AAA/Aaa/AA+) mandated an increase to its to its 2028 maturity Kangaroo bond. The transaction, which has Deutsche Bank, Nomura and RBC Capital Markets as leads, is for minimum volume of A$50 million (US$39.6 million) and is being marketed at 53 basis points over mid-swap or 60.25 basis points over Australian Commonwealth government bond.