IFC taps May 2016 Kauri for NZ$350 million [UPDATED]
International Finance Corporation (IFC) (AAA/Aaa) launched and priced a NZ$350 million (US$266.8 million) increase to its May 2016 Kauri line on October 5. The tap adds to a line which was introduced in May this year at a size of NZ$150 million and priced at 60.25 basis points over New Zealand government bonds.Westpac completes third RMBS of 2011 with A$1.6 billion deal [UPDATED]
Westpac Banking Corporation (Westpac) has priced its third residential mortgage-backed securities (RMBS) deal of the year, at a size of A$1.6 billion (US$1.5 billion). It is the sixth RMBS issued by an Australian major bank this year and the second within a month, following a recent A$1.5 billion equivalent issue from National Australia Bank.