Westpac NZ nets NZ$620 million in dual-tranche deal [UPDATED]
- Wednesday, 04 July 2012
Westpac New Zealand (Westpac NZ) closed its second domestic senior unsecured public transaction of 2012, announcing on July 7 that it placed a total of NZ$620 million (US$498.7 million) across a new five-year floating rate note (FRN) and new seven-year FRNs. The latter tranche is the issuer's second-ever domestic seven-year public bond issue.
