ADB prices NZ$225 million in first Kauri deal of 2010
The Kauri market reopened on January 21 with Asian Development Bank (ADB) (AAA/Aaa/AAA) issuing NZ$225 million (US$162.18 million) of paper in a January 2014 maturity – its debut deal in the New Zealand market. The bond was priced at 62 basis points over the April 2013 New Zealand government bond, which equates to around 22 basis points over swap.QTC not ruling out guaranteed issuance despite record unguaranteed 2014
Queensland Treasury Corporation (QTC) (AA+/Aa1) equalled the size of the largest ever Australian bond deal with the January 21 pricing of A$4 billion (US$3.65 billion) in its new November 2014 benchmark line. The deal matches the size of the Australian Office of Financial Management's return to the inflation-linked market in September last year.IADB's third Kangaroo of 2010 will be new 2013
Inter-American Development Bank (IADB) (AAA/Aaa/AAA) launched its third Kangaroo deal of the month on January 21, announcing that it will price a new May 2013 line in the near future. Having already issued A$900 million (US$819.9 million) in a brace of Kangaroo transactions this year – both of them increases to existing lines – IADB's new deal is likely to make it the biggest Kangaroo issuer of 2010.