MuniFin launches new three-year Kauri deal

Municipality Finance (MuniFin) (AA+/Aa1) launched a new, minimum NZ$100 million (US$65.3 million), three-year Kauri deal on 11 June. The forthcoming transaction has indicative price guidance of 46 basis points area over mid swap. Pricing is expected on the day after launch, says sole lead manager BNZ.