ADB launches new seven-year Kauri
- Thursday, 28 January 2021
On 28 January, Asian Development Bank (ADB) (AAA/Aaa/AAA) launched a new, seven-year Kauri bond line, with minimum volume of NZ$300 million (US$214.6 million). The forthcoming deal is being marketed at 24 basis points area over mid swap, equal to 34.4 basis points area over New Zealand government bond. Pricing is expected on the day after launch according to lead managers ANZ, Commonwealth Bank of Australia and TD Securities.
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