World Bank releases book update for five-year Kauri deal

On 10 February, World Bank (AAA/Aaa) revealed a book update for its five-year Kauri deal. The new minimum volume is NZ$400 million (US$256.5 million), after launching earlier in the day at minimum NZ$200 million. The book is in excess of NZ$415 million, with the issuer open to further upsize. Pricing is unchanged at 33 basis points area over mid-swap. ANZ and BNZ are leading.