Westpac reopens NZ domestic market with NZ$385 million FRN [UPDATED]
- Monday, 08 July 2013
A gap of over a month since the last domestic deal in New Zealand ended following the July 9 pricing of a three-year floating-rate note (FRN) offer by Westpac New Zealand (Westpac) (AA-/Aa3/AA-). The self-led transaction was upsized to NZ$385 million (US$300.4 million) from minimum volume of NZ$200 million at launch a day earlier.
