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Westpac NZ gets €750m with spread clarity, defensive tenor

Posted on 7 July 2022

Westpac New Zealand kicked off H2 euro benchmark covered bond issuance today with a €750m three-and-a-half year trade that bankers said comfortably exceeded the €500m minimum thanks to the spread being set from the outset and, like recent supply, incorporating a chunky NIP...

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