ADB launches minimum NZ$200 million five-year Kauri transaction

On 8 January, Asian Development Bank (ADB) (AAA/Aaa/AAA) launched a new, minimum NZ$200 million (US$143.4 million) five-year Kauri bond. Indicative price guidance for the forthcoming transaction is 34 basis points area over mid-swap. The deal is expected to price on the day after launch, according to lead managers ANZ, BNZ and TD Securities.