World Bank readies rare seven year Kauri

By Frank Jackman
14 Sep 2020

The World Bank hit screens on Monday with a new seven year New Zealand dollar bond; the first at that tenor from a foreign issuer in almost 18 months.

The Asian Development Bank sold the last seven year Kauri bond in April 2019, according to Dealogic, when it raised NZ$200m ($134.3m) with a new 2.875% April 2026 note through ANZ and TD Securities.

“The decision to print at seven years is mostly driven by the ...

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