The first Kauri deal of the new year priced on February 8 as World Bank (AAA/Aaa) priced an increase to its existing August 2016 line. The tap was upsized to NZ$325 million (US$271.5 million) from NZ$200 million at launch, and added to a line which World Bank introduced in August last year as its only Kauri transaction of 2011.
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