The Kauri market is showing signs of building on the positive start achieved by supranational, sovereign and agency (SSA) issuers in 2018. Market sources also say a favourable move in the New Zealand dollar basis swap has improved Kauri economics for euro-denominated issuers such as KfW Bankengruppe (KfW).
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The following interview is with a funding executive at a European issuer in the supranational, sovereign and agency sector. It was conducted on 19 March 2020.