ASB Bank completes debut covered bond via private placement
- Monday, 19 December 2011
Fitch Ratings and Moody's Investors Service assigned definitive triple-A ratings to ASB Bank's (Aa3/AA) inaugural NZ$300 million (US$227.6 million) covered bond transaction on December 19. All four major banks in New Zealand have now issued covered bonds, with the latest deal coming in the form of a private placement.
