World Bank releases book update for January 2024 Kauri tap

On 12 May, World Bank (AAA/Aaa) released a book update on its January 2024 Kauri increase after launching a day earlier. The minimum volume has been increased to NZ$250 million (US$151.9 million) from NZ$150 million, as pricing remains unchanged at 41 basis points area over mid-swap. The book is in excess of NZ$270 million, with the issuer open to further upsize. ANZ and BNZ are leading.