L-Bank launches increase to June 2023 Kangaroo bond

Thursday, 31 January 2019

L-Bank (AAA/Aaa/AAA) launched an indicative A$100 million (US$72.5 million) increase to its June 2023 Kangaroo bond on 31 January. Price guidance is 48 basis points area over semi-quarterly swap or 65.5 basis points area over Australian Commonwealth government bond. Pricing is due on or before 1 February, via Commonwealth Bank of Australia, Deutsche Bank, Nomura and RBC Capital Markets.