World Bank sets records with dual tranche kauri bond

By Lewis McLellan
27 Nov 2020

World Bank printed a dual tranche kauri bond on Thursday, vastly exceeding the amount it had targeted and setting the size record for SSA issuers in the currency.

The issuer selected ANZ, Bank of New Zealand and Commonwealth Bank of Australia to run the books for a five and a half year and a 10 year.

The initial size targets were NZ$200m ($140.6m) and NZ$100m respectively, but the overwhelming demand for the deal allowed the World ...

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