Auckland Council launches six-year green-bond deal

On 1 July, Auckland Council (AA/Aa2) launched its new, six-year, NZ$100-150 million (US$67.2-100.8 million) green-bond transaction. The forthcoming deal has indicative price guidance of 55-59 basis points over mid swap, with the final margin to be set on 3 July following a bookbuild. ANZ and BNZ are joint lead managers.