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NIB adds NZ$100 mln to 2015 Kauri bond

Thu Nov 5, 2009 10:42pm EST

(For the latest Australia and New Zealand bond news, double click on [AU/CRD] and then double click on the ID number)

Financials

SYDNEY, Nov 6 (Reuters) - Nordic Investment Bank [NIDB.UL] has issued a NZ$100 million ($139 million) increase to its 7.5 percent, April 15, 2015 Kauri bond, sole lead Australia & New Zealand Banking Group said on Friday.

The new tranche has an issue price of $107.266063 and yielded 5.91 percent, 42 basis points over the government benchmark. Settlement is on Nov. 16.

The sale brings the total issue size to NZ$300 million. (Reporting by Wayne Cole; Editing by Jonathan Standing)

Financials


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