Deal and ratings review, week ending April 15 2016

Hot on the heels of Korea Development Bank's debut transaction, World Bank priced the largest Kauri deal of the year to date on April 14. The supranational increased its 2021 Kauri by NZ$600 million (US$413.2 million). Deal flow in the Australian market was solid, though pricing activity remained restricted to the high-grade Kangaroo and financial-institution sectors.