NZD 150 million bond priced

A NZD 150 million 4-year Kauri bond is now priced for NIB. Due 26 February 2014, it has a semi-annual coupon of 5.25% and an issue price of 99.875282 to yield 5.285% sa or 25bp over swaps. Settlement date is 26 February 2010. Lead Managers are ANZ and BNZ.