World Bank returns to New Zealand with launch of 2014 Kauri tap

World Bank (AAA/Aaa) – already the largest issuer in the Kauri market – is preparing to price its sixth transaction in New Zealand with the February 2 launch of an increase to its NZ$600 million (US$425.04 million) December 2014 line. The issuer was also the busiest supranational, sovereign and agency in the Kauri market at the back end of 2009, pricing NZ$300 million over deals on December 3 and December 8.