Westpac NZ taps domestic guaranteed deal and looks to US

Westpac New Zealand (Westpac NZ) (AA/Aa2) increased the size of its 2014 government guaranteed domestic transaction by NZ$225 million (US$147.33 million) on July 21 – bringing volume to a total of NZ$575 million just eight days after first selling the bond, which is the bank's first under the domestic wholesale guarantee.