Westpac NZ launches five-year domestic deal

On 22 July, Westpac New Zealand (Westpac NZ) (AA-/A1/AA-) launched a new, five-year, senior-unsecured domestic deal with indicative priced guidance of 85-90 basis points over mid-swap. The self-led transaction is for up to NZ$100 million (US$67.6 million) with the ability to take oversubscriptions. Pricing is expected on or before 24 July.