World Bank issues its first Kauri in over a year [UPDATED]
- Wednesday, 03 August 2011
World Bank (AAA/Aaa) priced a new NZ$300 million (US$258.7 million) five-year Kauri transaction on August 3, in what was its first deal in New Zealand's domestic market since July last year. New Zealand market participants say potential pricing for Kauris has grown closer to economic levels in recent times, although there has so far been just NZ$900 million issued in the format this year.
