BNZ identified a narrow window of market stability to revisit its euro covered-bond programme on 21 June, finding strong demand across Europe for the five-year mortgage-backed deal. The covered product was an obvious choice for the volume the issuer sought as ongoing market turbulence makes senior-unsecured pricing less attractive, deal sources say.
nonbank Yearbook 2023
KangaNews's eighth annual guide to the business and funding trends in Australia's nonbank financial-institution sector.