Deal and ratings review, week ending July 13 2012
In the week ending July 13, Australian issuance came in pairs as Kangaroo deals held steady and corporate issuance ticked up a notch with two deals pricing in each sector. There was also a duo of syndicated semi-government deals, by New South Wales Treasury Corporation and South Australian Government Financing Authority respectively. In New Zealand, Asian Development Bank priced its third-ever Kauri.
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ADB prices its third-ever Kauri [UPDATED]
In its third-ever Kauri transaction, according to KangaNews data, Asian Development Bank (ADB) (AAA/Aaa/AAA) has priced a new five-year Kauri transaction on July 12. ADB has previously come to the New Zealand market in January 2010 with NZ$225 million of four-year notes and in October 2011 priced a NZ$150 million, five-year deal.
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