On 26 August, International Finance Corporation (IFC) (AAA/Aaa) launched a new NZ$200 million (US$131 million) minimum, five-year Kauri transaction. The forthcoming deal is being marketed at 29 basis points area over mid-swap, equivalent to 32.4 basis points area over New Zealand government bond. Pricing is expected on the day after launch, according to lead managers BNZ and TD Securities.
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