NIB increases January 2019 Kauri bond

NIB has increased its 2019 Kauri deal by NZD 125 million, taking the total to NZD 550 million. Due on 22 January 2019, the deal has a semi-annual coupon of 4.875% and an issue price of 100.654549% to yield 4.722%. ANZ acted as the sole lead manager for the issue. NIB currently has six lines in the New Zealand dollars with the total outstanding volume of NZD 2,225 million, in maturities between 2015 and 2024.