On December 8, the World Bank (AAA/Aaa/AAA) priced a NZ$125 million (US$89.25 million) increase to its December 2014 Kauri bond at 12 basis points over swap or 25 basis points over the April 2015 New Zealand government bond – the second increase to that particular line in less than a week with both issues coming to market at the same price.

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