ASB hits covered bond jackpot as investors warm to NZ pick-up

Bill Thornhill

May 11, 2021 01:30 pm

Long_term_end_FIG_Adobe_230x150 — Man pushing an elevator buttons where it is written long term. Investment Concept. Composite image between a hand photography and a 3D background. | Olivier Le Moal/Olivier Le Moal - stock.adobe.com

Commonwealth Bank of Australia's New Zealand subsidiary ASB Finance issued its largest covered bond on Tuesday, the first 10 year from New Zealand and the first covered bond from the country since January 2019.

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Topics

New Zealand Asia Pacific Oceania Europe EMEA FIG Commonwealth Bank of Australia Covered Bonds

BT

Bill Thornhill