IFC launches first green Kauri bond
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 ...
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