ANZ takes joint ownership of NZX debt indices
The New Zealand Exchange (NZX)’s debt indices will now be known as the ANZ Debt Indices, following a March 4 announcement that ANZ has formed a partnership with the exchange to develop the products. The partnership covers all NZX’s index products including sovereign, corporate, Kauri and swap benchmarks.
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Westpac upsizes hybrid and sets tight margin
The
SPS II tier 1 (T1) offering opened by Westpac Banking Corporation (Westpac) on February 20 has had its margin set towards the tighter end of its indicative range and has also been upsized to A$700 million (US452 million), although even the increased volume will fall short of the combined outstanding in the three St.George Bank (St.George) hybrids SPS II is designed to refinance.
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