This could be why the NZD/USD has been so well bid this week:
TOKYO, The European Investment Bank (EIB) will sell a NZ$845 million ($663 million) uridashi bond, documents filed with Japanese financial authorities showed on Thursday.
The bonds will be issued on Feb. 19, with the sales period running from Feb. 8 through Feb. 19. The kiwi bond will have a 7.38 percent coupon and mature on Feb. 22, 2010.
EIB is rated triple A by Moody's Investors Service and Standard & Poor's.