BNG and KBN double up with Kangaroo 10s

By Silas Brown
04 May 2017

Kommunalbanken increased an Australian dollar bond tap on Thursday, as the reopened 4.25% July 2025 line enticed Asian central banks, while Bank Nederlandse Gemeenten tapped a 10 year Australian dollar bond twice in a week, raising A$155m ($116.7m) from Asian investors.

Lead manager Deutsche Bank responded to Asian and Australian enquiries for KBN's A$50m ($37.0m) tap on Monday and the A$75m increase on Thursday. Asset managers and Asian central banks bought most of the bonds.

The tap was priced at 62bp ...

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