Full details on BNZ's A$700 million Kangaroo covered bond debut [UPDATED]
- Tuesday, 07 June 2011
On June 8 Bank of New Zealand (BNZ) (AA/Aa2) issued its inaugural Kangaroo covered bond issue via the London branch of its subsidiary BNZ International Funding. The fixed rate, five-year transaction reached a final volume of A$700 million (US$746.9 million) in what is also the first deal in Australia from BNZ in any format.
