KBN shows Kauri demand remains as volatile swap causes headaches
Kommunalbanken made its first appearance of the year in New Zealand dollars on Thursday, tapping four year Kauri bonds. Other issuers are mulling deals for next week, but may be forced to hold off as syndicate bankers wrestle with a volatile basis swap with just a narrow window before Chinese New Year shuts the market down.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts