IFC revives Kauri market with flourish amid Aussie drought

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IFC revives Kauri market with flourish amid Aussie drought

The International Finance Corp broke the ice for sovereign, supranational and agency activity in New Zealand dollars this week when it issued its first Kauri deal since May — a NZ$350m ($269m) tap of its 5.625% 2016s. The trade was the largest in the sector since 2008.

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