EDC's 2011 keeps Kauri agency market ticking
Export Development Canada (AAA/Aaa) (EDC) has continued the recent mini vogue for agency issuers in the Kauri market, pricing a new NZ$200 million (US$150.58 million) 2011 transaction on June 11 with lead managers Bank of New Zealand (BNZ) and TD Securities (TD).Stronger deal flow means fewer empty weeks in 2008
Despite recent renewed volatility, the Australian bond market has demonstrated renewed consistency so far in 2008, with just a single week – the first of the year – passing with no issuance activity. In a 52 week period to June 6 2008, by contrast, a total of 10 weeks saw a silent primary market for both domestic and Kangaroo issuers.