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: 15 May 2031
- Re-offer price: 100.000
- Coupon: 3.119%
- Swap spread: 32bp
- Government spread: 44.5bp
- Pricing date: 7 May 2026
- Settlement date: 15 May 2026
- Bookrunners: Barclays, HSBC, Natixis, UBS, Westpac
- Country: New Zealand
- ISIN: XS3372781750
- Collateral type: Mortgage
- The CBR bond ID: 3386
- Green, social, sustainability description: unlabelled