ADB launches NZ$200 million Kauri health bond

Wednesday, 03 August 2022

Disclosure type: launch
Issuer name: Asian Development Bank
Issuer rating: AAA/Aaa/AAA
Expected issue rating: as issuer
Announcement date: 3 August 2022
Expected pricing date: 4 August 2022
Lead managers: ANZ, Commonwealth Bank of Australia, Westpac Institutional Bank

Transaction type: senior-unsecured Kauri health bond
Indicative volume: NZ$200 million (US$124.6 million)
Tenor: three years
Coupon type: fixed
Price guidance: 18bp/mid-swap