On 25 November, World Bank (AAA/Aaa) launched a dual-tranche Kauri transaction, offered in 5.5- and 10-year tenors. Minimum volume for the tranches are NZ$200 million (US$139.5 million) and NZ$100 million, with price guidance at 23 and 39 basis points area over mid-swap. ANZ, BNZ and Commonwealth Bank are leading. Pricing is expected on the day after launch.
On 23 November, Kommunalbanken Norway (KBN) (AAA/Aaa) launched a new A$250 million (US$183 million) minimum, 5.5-year, Kangaroo transaction. The forthcoming deal is being marketed at 25 basis points area over semi-quarterly swap, equivalent to 27.7 basis points area over Australian Commonwealth government bond.