Export Development Canada (EDC) (AAA/Aaa) priced an increase of its 3.5 per cent February 2018 Kauri line on November 7. According to KangaNews data the tap is the second increase of the line which was introduced in February 2013 at a volume of NZ$350 million (US$292.6 million) and pricing of 62.5 basis points over New Zealand government bond (NZGB). NZ$150 million was added to the line later in April with pricing of 82.5 basis points over NZGB.