Rentenbank completes first Kauri of 2011 [UPDATED]
- Friday, 04 February 2011
On February 7, Rentenbank (AAA/Aaa/AAA) increased its September 2014 Kauri line by NZ$50 million (US$38.5 million). The tap adds to a line which was introduced in September 2009 at a size of NZ$100 million – Rentenbank's most recent Kauri deal. The deal priced in line with guidance, at 54 basis points over semi-quarterly swap, or 35 basis points over the April 2015 New Zealand government bond.
