Wednesday 02, April 2014 by Matthew Amlôt

FGB closes inaugural ‘Kangaroo’ five year bond

First Gulf Bank (FGB) has concluded the issuance of AUD 250 million ($228.35 million) for its debut ‘Kangaroo’ five year bond. The transaction took place on March 24th, registering a final price for the bonds at 155 basis points above interpolated midswaps (bps). The bonds are set to mature on April 1, 2019.

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