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Westpac NZ tightens Eu1bn by 5bp to bag record spread

Posted on 30 March 2017


Westpac NZ sold a Eu1bn five year covered bond today that is the tightest benchmark from New Zealand, moving the spread 5bp upon a Eu1.9bn book. Bankers debated whether the strong demand is proof of a warming to New Zealand paper or simply a result of highly supportive conditions...

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