NWB prices one increase and one new maturity

On February 21 Dutch agency Nederlandse Waterschapsbank (NWB) (AAA/Aaa) priced a A$100 million increase to its 6.25 per cent August 2013 Kangaroo bonds, led by Westpac Institutional Bank (WIB). This is the first time NWB has issued a tap since its inaugural Kangaroo deal in March 2005. NWB followed on March 14 with a A$200 million March 2012 bond, led by TD Securities. The issuer now has A$1.1 billion outstanding in four maturities in the Kangaroo market.