NIB increases 2024 Kangaroo deal

NIB has further increased its 2024 Kangaroo deal by AUD 100 million, bringing the total to AUD 400 million. Due 28 February 2024, the deal has a semi-annual coupon of 4.75% and an issue price of 97.836% to yield 5.0225%. Deutsche Bank and RBC Capital Markets are acting as lead manager for the issue. NIB’s outstanding volume in the Kangaroo market currently totals AUD 3,550 million consisting of six lines, in maturities between 2014 and 2024.