CCB New Zealand launches three-year deal

On 16 September, China Construction Bank New Zealand (CCB New Zealand) (A1/A) launched a NZ$100-150 million (US$67.1-100.7 million), three-year domestic deal. The forthcoming transaction has indicative price guidance of 90-95 basis points area over mid swap. Pricing is expected on the day after launch according to joint lead managers ANZ, BNZ, Commonwealth Bank and Westpac Banking Corporation New Zealand Branch.