ADB opens Kauri market for 2020

By Frank Jackman
15 Jan 2020

Demand for the Asian Development Bank's new five year Kauri print — the first SSA deal in the market since August — soared on Wednesday, leading to the deal being increased twice during pricing. With several frequent issuers also circling the market, bankers expect more to follow.

The bond was launched on Tuesday with a NZ$200m minimum size before being increased to NZ$300m.

“The order book was north of NZ$250m when we first upsized, and after getting a last few minute orders to take it to NZ$300m we upsized the deal a final time to ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

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: or find out more online here.