BNZ taps 2014 guaranteed deal at same level as first trade

Bank of New Zealand (AA/Aa2) (BNZ) increased its five-year maturity government-guaranteed transaction – still the only outstanding line in the New Zealand market to be covered by the government’s wholesale guarantee – on March 5, topping the bond up by NZ$105 million (US$53.76 million) to a total of NZ$285 million.