Late in the Sydney day on 8 August, L-Bank (AAA/Aaa) launched a minimum A$50 million (US$37.2 million) increase to its April 2028 Kangaroo bond. The forthcoming deal has indicative price guidance of 53 basis points area over semi-quarterly swap, equivalent to 59.25 basis points area over Australian Commonwealth government bond. Pricing is expected on 9 August, according to lead managers Commonwealth Bank of Australia, Deutsche Bank, RBC Capital Markets and Nomura.