Kiwibank will be roadshowing this week ahead of a planned three- and/or five-year New Zealand government-guaranteed bond issue, which could raise up to A$400 million. Kiwibank announced two months ago its intention to seek offshore debt funding for the first time, in response to increasing competition for term deposits in its domestic market. Kiwibank has opted to make its first offshore issue in the Australian market, where its brand will at least be known. Kiwibank will become only the seventh kiwi kangaroo issuer.