On February 4, KfW Bankengruppe (KfW) (AAA/Aaa/AAA) priced a new, five-year bond in the New Zealand market. According to KangaNews data, the transaction is the first issue from a European supranational, sovereign and agency borrower in the Kauri market in 2016. The five deals – for volume of NZ$1.35 billion (US$880 million) – which priced to February 2 all came from North American issuers.
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