ADB launches April 2021 Kauri tap

On 2 October, Asian Development Bank (ADB) (AAA/Aaa/AAA) launched a minimum NZ$200 million (US$132 million) increase to its April 2021 Kauri bond. Indicative price guidance for the forthcoming deal is 23 basis points area over mid swap, with pricing expected on the day after launch. ANZ, BNZ and TD Securities are joint lead managers.