Big demand for new World Bank Kauri

New_Zealand_Kiwi_Fotolia_230x150
By Frank Jackman
11 Feb 2020

The World Bank on Tuesday brought a new five year Kauri bond — the largest since August — at a “pretty aggressive” level to its Australian dollar curve.

Joint leads ANZ and BNZ began taking indications of interest on the deal on Monday, quickly reaching the NZ$200m ($128.0m) target size before reaching a final size of NZ$600m.

The spread was set at 33bp over mid-swaps, unchanged from initial guidance. The spread to the April 2025 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.