New Zealand sees ABS activity with Fleet NZ deal [UPDATED]
Fleet Partners' New Zealand subsidiary, Fleet Holdings NZ (Fleet NZ), has completed its debut asset-backed securities (ABS) transaction in the form of a NZ$300 million (US$227.9 million) private placement, bought by ANZ National, Bank of New Zealand and Westpac Banking Corporation. The deal is just the third securitisation in New Zealand in the financial crisis era and the country's first non-mortgage deal.Auckland Airport completes six-year retail deal [UPDATED]
Auckland International Airport (Auckland Airport) (A-) closed its first domestic bond issue since 2009 in the form of a six-year retail offering on September 29. The fixed-rate transaction, which has an interest rate of 5.47 per cent and spread of 150 basis points over government bonds, has a volume of NZ$100 million (US$77.8 million).