On June 18 Kommunalbanken Norway (KBN) (AAA/Aaa) brought a second point to its Kauri curve, issuing NZ$100 million (US$63,475) of July 2014 bonds in a deal led by ANZ. The Kauri bonds priced at 65 basis points over the NZD five-year swap rate and offer a coupon of 5.75 per cent, to yield 5.94 per cent.
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