IFC launches first green Kauri bond

By Silas Brown
27 Jul 2017

International Finance Corporation introduced the Kauri market to green bonds on Thursday, after opening books on a socially responsible New Zealand dollar note with a NZ$100m ($75.2m) minimum size.

Leads ANZ and Bank of New Zealand circulated guidance of 58bp over mid-swaps, equivalent to 90.6bp over the New Zealand government curve, for the July 2027 New Zealand dollar bonds, which is in line with IFC’s dollar funding curve.

The deal, expected to close this Friday, has already nearly ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.