Bank of New Zealand launches 5-year domestic tap
Bank of New Zealand has launched an increase of its May 27 2013 line. The self-led deal, which will have a minimum size of NZ$50 million (US$36 million), will price on August 22.
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RMBS pricing holding steady
The Australian prime residential mortgage-backed securities (RMBS) market appears to be holding steady at 110 to 120 basis points over one-month bank bill swap rate (BBSW), with the last three RMBS transactions featuring prime MBS only all pricing within that range.
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