Dutch BNG adds NZ$100 mln to 2010 bond-source

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SYDNEY, March 31 (Reuters) - Dutch public sector agency
Bank Nederlandse Gemeenten [BNG.UL] has added NZ$100 million
($80 million) to a 2010 Kauri bond issue and priced it at
around 12 basis points under swap, a market source said.

A Kauri issue is a New Zealand dollar-denominated bond sold
by foreign borrowers in New Zealand.

BNG lends to local authorities and other public sector
bodies.

The deal details are as follows:

Issuer: Bank Nederlandse Gemeenten

Facility: Domestic fixed rate Kauri bond increase

Amount issued: NZ$100 million

Total on issue: NZ$350 million

Maturity: Sept. 27, 2010

Set date: April 7

Coupon: 7.75%

Yield: 8.00%

Margin: -12 bps below swap or

+148 bps over NZGB

Lead(s): ANZ

Issuer rating: triple A
($1=NZ$1.25)
(Reporting by Cecile Lefort)