All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group

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.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree