Deal and ratings review, week ending 17 January 2020

In the second full week of January, Australian dollar deal activity was highlighted by National Australia Bank's A$2.25 billion (US$1.6 billion) five-year, dual-tranche, senior-unsecured transaction. Meanwhile, Asian Development Bank kickstarted the Kauri market for the year with a NZ$300 million (US$199.2 million) five-year deal.