ASB Bank completes its NZ$400 million tier-two transaction [UPDATED]
- Friday, 25 November 2016
On November 25, ASB Bank disclosed to the NZX that it had completed its offer of NZ$400 million (US$279.7 million) tier-two notes. The margin on the retail-format transaction had been set at 280 basis points over bank bills, against indicative 270-285 basis points over bills guidance range, on November 3.
