In the wake of printing the first Kauri transaction of 2017, a NZ$75 million (US$54.4 million) tap to its 2024 New Zealand dollar line, Rentenbank (AAA/Aaa/AAA) printed NZ$150 million in a new five-year Kauri bond on January 26. The transaction priced in line with guidance of 61 basis points over mid-swap.