Positive signs for NZD issuance following Kauri and global deals
- Monday, 06 August 2012
Although NZ$1.25 billion (US$1.02 billion) of issuance from international borrowers in less than a week may have reduced the short-term prospects of further Kauri deal flow, issuer and leads on the recent World Bank Kauri transaction say demand for New Zealand dollars – especially in Asia – is growing. World Bank placed NZ$400 million on July 31 in the largest single Kauri issue since 2007.
