Westpac NZ issues tightest Kiwi covered bond

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Westpac NZ issues tightest Kiwi covered bond

Westpac New Zealand issued a comfortably oversubscribed €750m five year covered bond on Tuesday and priced at the tightest spread ever for a New Zealand covered bond. At the same time, NordLB’s Luxembourg subsidiary issued a less well subscribed €500m seven year.

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