World Bank prints record breaking rare Kauri

By Frank Jackman
15 Sep 2020

The World Bank raised NZ$550m ($369.9m) with a rare seven-year New Zealand dollar bond, breaking the record for the largest Kauri bond at that maturity or longer.

This deal is the largest from any issuer in the Kauri market longer than seven years in duration. Before Tuesday’s trade, the Inter-American Development Bank held the record for the largest longer dated Kauri deal, having raised NZ$500m with a 10 year bond in March 2018, according to ...

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