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Telstra seeks Kiwi investors

Having failed to entice Australian investors, Telstra met with investors in New Zealand on Friday, ahead of a planned Kauri bond issue. Telstra last issued in New Zealand in October 2008, when it added NZ$55 million to its November 2014 line. The top-up was priced at 150 bps over swap and took outstandings to NZ$155 million.   Telstra also has a NZ$100 million, November 2011 bond outstanding there.

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