Westpac NZ builds largest domestic credit bond with NZ$325 million 2018 tap [UPDATED]

Westpac New Zealand (Westpac NZ) (AA-/Aa3/AA-) priced an increase to its September 2018 domestic line on February 14. The deal is the first new transaction in the New Zealand domestic market this year and gives Westpac NZ the title of holder of the largest domestic credit bond.