On 17 September, International Finance Corporation (IFC) (AAA/Aaa) launched a NZ$200 million (US$133.8 million) minimum increase to its September 2025 Kauri. The forthcoming deal is being marketed at 27 basis points area over mid-swap, equivalent to 40.9 basis points area over New Zealand government bond. Pricing is expected on the day after launch, according to lead manager ANZ.