On 29 April, Kommunalbanken Norway (KBN) (AAA/Aaa) launched a new, April 2023 Kauri transaction with minimum volume of NZ$150 million (US$109.1 million). The forthcoming deal has indicative price guidance in the area of 1 basis point over mid swap, equivalent to 21.5 basis points area over New Zealand government bond. Pricing is expected on the day after launch, according to lead manager BNZ.
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