ADB launches five-year Kauri
- Monday, 31 August 2020
On 31 August, Asian Development Bank (ADB) (AAA/Aaa/AAA) launched a new NZ$150 million (US$101.1 million) minimum, five-year, Kauri transaction. Indicative price guidance for the deal is 29 basis points area over mid-swap, equivalent to 35.1 basis points area over New Zealand government bond. Pricing is expected on the day after launch, according to lead managers ANZ and TD Securities.
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