ADB opens Kauri market for 2020

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ADB opens Kauri market for 2020

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Kiwi crossing sign on the road in Westland National Park, South Island, New Zealand | /georgeburba - Fotolia

Demand for the Asian Development Bank's new five year Kauri print — the first SSA deal in the market since August — soared on Wednesday, leading to the deal being increased twice during pricing. With several frequent issuers also circling the market, bankers expect more to follow.

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