ADB launches new seven-year Kauri transaction

Asian Development Bank (ADB) (AAA/Aaa/AAA) launched a new, minimum NZ$100 million (US$68 million) seven-year Kauri transaction on 4 April. The forthcoming deal has indicative price guidance of 43 basis points area over mid-swap. Pricing is expected on the day after launch, according to joint lead managers ANZ and TD Securities.