New Kangaroo bond launched and priced

NIB has priced a new fixed-rate AUD 200 million Kangaroo bond. Due February 2024, the bond has an issue/reoffer price of 98,270%, pays a coupon of 4.75% semi-annually and has a spread of 82.25 basispoints above the Australian Government Bond. Joint lead managers were Citigroup and Deutsche Bank.

NIB’s outstanding Kangaroo volume now totals AUD 3.35 billion and consists of six lines with maturities between years 2014 and 2024.