Having updated investors in New Zealand and offshore on April 30, Telstra (A/A2/A) launched a Kauri deal on May 3 with the material details of the transaction in line with expectations. The issuer is seeking a minimum of NZ$100 million (US$72.8 million) with room to upsize to a maximum volume of NZ$250 million in a deal which is expected to price on May 6.
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