KBN prices NZ$225 million Kauri without NZ bank

The NZ$225 million (US$172 million) increase to Kommunalbanken Norway (AAA/Aaa) (KBN)’s 2010 Kauri bond, which priced on December 5, was transacted without a New Zealand bank as lead manager; instead, RBC Capital Markets (RBCCM) acted as sole lead on the deal.