CCB New Zealand launches tap of June 2023 domestic line

On 16 August, China Construction Bank New Zealand (CCB New Zealand) (A/A1) launched an indicative NZ$25 million (US$16.4 million) increase to its June 2023 domestic line. Indicative price guidance for the forthcoming deal is 130 basis points over mid swap. Pricing is expected on the day after launch, according to lead manager Commonwealth Bank of Australia.