ADB’s Kauri comeback won’t pull up any trees

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ADB’s Kauri comeback won’t pull up any trees

Asian Development Bank launched a NZ$150m ($119.41) 3.375% five year Kauri bond last night; its first issue in the currency since January 2010. However, even this safe haven issuer is unlikely to spark a wider spate of Kauri issuance, said bankers.

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