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SYDNEY, Jan 25 (Reuters) - The Inter-American Development
Bank (IADB) [IADB.UL] has launched and priced a NZ$200 million
($154 million) increase to a Kauri bond issue due in 2015, a
joint lead said on Friday.
The margin was not disclosed.
The bonds were sold to a handful of investors.
The deal details are as follows:
Issuer: Inter-American Development Bank (IADB)
Facility: Domestic fixed rate Kangaroo bond increase
Amount: NZ$200 million
Total on issue: NZ$300 million
Maturity: April 15, 2015
Set date: Jan. 31
Coupon: 7.50%
Yield: 7.43%
Spread: undisclosed
Gross price: 102.581707
Lead(s): Bank of New Zealand, TD Securities
Issuer rating: triple A by all major agencies
($1=NZ$1.30)
(Reporting by Cecile Lefort)
