2008-05-09 First Kauri bond

EUROFIMA today debuted in the New Zealand domestic bond market (Kauri) with a NZD 275 million 5-year note. The issue was priced at a spread of +78 bps to Government benchmark (NZGB 6.50% 15 April 2013). Joint lead managers are ANZ and RBC.

Domestic demand counted for more than half of the total subscription, with the rest of the funds coming mainly from Asian investors. In the occasion the bond was granted acceptance in the RBNZ Overnight Reverse Repo Facility.

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