NIB launches 10-year Kangaroo issue

NIB has priced a 10-year fixed-rate AUD 300 million issue. Due 19 April 2022, the deal has a semi-annual coupon of 5.00% and an issue price of 99.669 to yield 5.0425%. Deutsche Bank. RBC Capital Markets, TD Securities are acting as joint lead managers for the issue. NIB’s outstanding volume in the Kangaroo market currently totals AUD 1,725 million.