BNG Bank launches tap to July 2028 Kangaroo bond

Tuesday, 04 December 2018

BNG Bank (AAA/Aaa) launched an indicative A$60 million (US$44.2 million) increase to its July 2028 Kangaroo bond on 4 December. The forthcoming deal is being marketed at 46 basis points area over semi-quarterly swap, equivalent to 50.5 basis points area over Australian Commonwealth government bond, and will price on the same day as launch. Mizuho Securities is leading.