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The status of deals open in the Australian and New Zealand markets has been put under scrutiny as Westpac New Zealand (AA/Aa2) (Westpac) postponed the five-year domestic deal it launched on September 8, citing the ongoing uncertainty in global markets.
Kommunalbanken Norway (AAA/Aaa) (KBN) will be roadshowing in Australia and New Zealand the week beginning September 22. Thomas Møller, executive vice president and chief financial officer at KBN in Oslo, confirms that RBC Capital Markets will be hosting the Australian leg of the roadshow, while ANZ is arranging the meetings in New Zealand.
Westpac New Zealand (AA/Aa2) (Westpac) launched a new five-year self-led domestic transaction on September 8, with the bank confident of capturing a combined retail and institutional investor base for the fixed rate deal.
The convertible preference share offer announced by ANZ Banking Group (ANZ) on August 27 has had its margin set and initial size announed, with the bank doubling its earliest volume projections and pricing at the tightest end of its indicative range, 250 basis points over BBSW.