CEB's NZ$150 million five-year reopens Kauri market
- Thursday, 04 June 2009
A new 2014 maturity priced by Council of Europe Development Bank (CEB) (AAA/Aaa/AAA) on June 3 reopened the Kauri market for 2009, becoming the first deal in the market since November last year. The NZ$150 million (US$97.95 million) 2014 bond priced at 31.5 basis points over government bonds, which rate sheet data suggests equates to mid-50s basis points over swap.
