NIB taps 2024 Kangaroo deal

NIB has further increased its 2024 Kangaroo deal by AUD 100 million, bringing the total to AUD 625 million. Due 28 February 2024, the deal has a semi-annual coupon of 4.75% and an issue price of 100.352%. TD Securities acted as the sole lead manager for the issue. NIB’s outstanding volume in the Kangaroo market, in six maturity lines, now totals AUD 3,900 million.