Kauri volume surpasses 2009 and 2010 despite issuance challenges
- Monday, 10 October 2011
Lead managers on the most recent Kauri deal to come to market – International Finance Corporation (IFC)'s (AAA/Aaa) NZ$350 million (US$268.8 million) 2016 increase – continue to believe there are fundamental factors supporting further issuance. But they are also sanguine about the potential headwinds and say deal flow is likely to remain sporadic for the foreseeable future.
