MuniFin returns to Kauris after seven years

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By Frank Jackman
12 Jun 2020

Finland’s Municipality Finance returned to the domestic New Zealand dollar bond market on Friday after a long absence, to raise its largest Kauri bond since 2008.

The agency last sold a Kauri deal in April 2013, when it raised NZ$75m ($48m) of 4.125% May 2020 debt through Bank of New Zealand, according to Dealogic. In September 2008, MuniFin raised NZ$200m with a 7.73% June 2011 Kauri sold through ANZ — still its largest deal ...

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