IADB launches July 2024 Kauri tap

On 19 August, Inter-American Development Bank (IADB) (AAA/Aaa) launched a minimum NZ$150 million (US$96.5 million) increase to its July 2024 Kauri bond. The deal is being marketed at 34 basis points area over mid-swap and is expected to price on the day after launch. BNZ and Commonwealth Bank are leading.