KBN launches 2021’s first Kauri deal
- Tuesday, 26 January 2021
Kommunalbanken Norway (KBN) (AAA/Aaa) launched a NZ$50 million (US$36 million) minimum increase to its July 2030 Kauri bond on 26 January. The BNZ-led transaction, which is being marketed at 35 basis points over mid-swap, is the first Kauri deal to launch in the new year after 2020 set an annual issuance record. The KBN deal will price a day after launch.
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