ANZ National readying covered bonds at home and abroad

The second covered bond from a New Zealand bank has been announced, with ANZ National Bank (ANZ National) (Aa3/AA-) launching its inaugural issue in the format. The deal will be issued as part of ANZ National's €5 billion (US$7.3 billion) covered bond programme. Moody's Investors Service and Fitch Ratings have assigned the forthcoming issue preliminary long-term triple-A ratings.