BNG and KBN double up with Kangaroo 10s

Kanga_fotolia_230x150
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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.