On June 3, L-Bank (AAA/Aaa) priced a new NZ$125 million (US$85.2 million) Kauri bond with tenor of one-and-a-half years. According to KangaNews data, L-Bank was most recently in the Kauri market in May last year when it priced NZ$250 million (US$170.2 million) of four-year paper at 37 basis points over swap. This was L-Bank's debut Kauri deal, according to KangaNews data.
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