Telstra (A/A2/A) has announced it will present to investors on April 30 ahead of a potential Kauri bond issue. The presentation, which is being arranged by BNZ, Commomwealth Bank of Australia and Westpac NZ, will be made to both domestic and offshore investors. Telstra, which has NZ$255 million (US$183 million) outstanding in two Kauri maturities having last issued in 2008, will use the proceeds of any deal to pay down New Zealand dollar commercial paper.