Big demand for new World Bank Kauri
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 ...
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