These are the details of the selected bond:
- Issuer: Westpac Securities NZ Ltd
- Covered bond rating(s) at launch: Aaa (Moody's) AAA (Fitch)
- Amount: EUR750m
- Maturity date: 2 July 2030
- Re-offer price: 100.000
- Coupon: 2.696%
- Swap spread: 45bp
- Government spread: 55.1bp
- Pricing date: 25 June 2025
- Settlement date: 2 July 2025
- Bookrunners: Barclays, HSBC, JP Morgan, UBS, Westpac
- Country: New Zealand
- ISIN: XS3091027113
- Collateral type: Mortgage
- The CBR bond ID: 3174
- Green, social, sustainability description: unlabelled
- Notes: Final book above EUR1.85bn (inc. EUR225m JLMs).
