On January 13, Nordic Investment Bank (NIB) (AAA/Aaa) launched a new five-year Kauri transaction with a maturity date of January 22 2019. This will be the Kauri market's second transaction of 2014 after Export Development Canada priced a NZ$300 million (US$248.7 million) five-year deal on January 10 at 69 basis points over New Zealand government bond (NZGB) or 25 basis points over swap.
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