NIB launches 5-year Kangaroo issue

NIB has priced a 5-year fixed rate AUD 450 million issue. Due 08 August 2017, the deal has a semi-annual coupon of 3.5% and an issue price of 99.196% to yield 3.6775%. ANZ, Deutsche Bank and HSBC are acting as lead manager for the issue. NIB’s outstanding volume in the Kangaroo market currently totals AUD 2.375 billion.