The second full week of August was highlighted by syndicated semi-government issuance, with Australian Capital Territory's A$1 billion (US$678.9 million) May 2025 deal followed by Western Australian Treasury Corporation's A$1.1 billion February 2024 floating-rate note transaction. Meanwhile, in New Zealand Kauri issuance returned with a NZ$425 million (US$273.7 million) Asian Development Bank tap.
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