EDC launches 2023 Kauri bond increase

On 23 January, Export Development Canada (EDC) (AAA/Aaa) launched a minimum NZ$100 million (US$67.5 million) increase to its November 2023 Kauri bond. The forthcoming deal has indicative price guidance of 42 basis points area over mid-swap and is expected to price on the day after launch. ANZ, BNZ and Commonwealth Bank of Australia are joint lead managers.