International Financing Corp, the private sector investment arm of the World Bank, (and rated AAA) raised A$500 million for ten years at just 66.5 basis points over Commonwealth government bonds. European Investment Bank (rated AAA) raised A$1.0 billion for the same period but had to pay 108.25 bps over Commonwealth bonds for the privilege. The differences in the pricing underline the premium that investors are able to extract for taking on exposure to Europe at the present time. In April, EIB raised nine year debt at just 78 bps over: even then it still had to pay a small premium.      The World Bank (also rated AAA) added NZ$125 million to its December 2014 line to take outstandings to NZ$1.025 billion. The top-up was priced at just 21.5 bps over New Zealand government bonds.