Kauri market opens with constructive tone as heavy redemption year looms

Intermediaries say investor diversification continues to provide the Kauri market with appeal to global issuers, and despite some question marks over pricing appeal the market opened to a solid flow of activity in 2017. Kauri issuance typically tapers off in the second half of the calendar year, but market users are optimistic about 2017 due to a period of substantial redemptions.