World Bank (AAA/Aaa) priced the second tap to its 2021 Kauri bond on March 2. According to KangaNews data, the line was first introduced in September last year at a volume of NZ$350 million (US$263.9 million) and pricing of 60.4 basis points over New Zealand government bond (NZGB). It was later increased by a further NZ$250 million in October, with pricing of 61.4 basis points over NZGB.
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