On 6 May, Asian Development Bank (ADB) (AAA/Aaa/AAA) launched a new NZ$150 minimum (US$108.4 million), 10-year, Kauri, gender-bond transaction. Indicative price guidance for the deal, which is expected to price on the day after launch, is 36 basis points area over mid-swap. ANZ and BNZ are leading.
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