Borrowers keen for Kauri but face tricky execution
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Borrowers keen for Kauri but face tricky execution

Kommunalbanken made its first appearance in New Zealand dollars in 2014 on Thursday, tapping four year Kauri bonds. Other issuers are considering trades for next week, but syndicate bankers are struggling with a volatile basis swap and have only a narrow window before Chinese New Year shuts the market down.

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