New Zealand dollar SRI deal flow continues with AfDB Kauri launch

On 21 February, African Development Bank (AfDB) launched a minimum NZ$100 million (US$68.5 million) 10-year socially responsible investment (SRI) Kauri bond. The forthcoming deal has indicative price guidance of 43.3 basis points area over mid swap. Pricing is expected on the day of launch, according to lead manager Daiwa Capital Markets.