New Kangaroo bond launched and priced

NIB has priced and launched a new fixed-rate AUD 400 million Kangaroo bond. Due February 2018, the bond pays a coupon of 3.5% s.a. and has a spread of +64.5bps above the Australian Government Bond or 25bps over the Australian Dollar interest swap rate. Joint Lead managers were Bank of America Merrill Lynch, Deutsche Bank and Nomura.

NIB’s outstanding Kangaroo volume is now AUD 3.05bn consisting of six lines, in maturities between 2014 and 2022.