RBNZ signs off all Kiwi programmes
The race is on to issue the second legally compliant covered bond from New Zealand after the Reserve Bank of New Zealand signed off the covered bond programmes of ASB Bank, ANZ New Zealand, Bank of New Zealand and Kiwibank under the new law on Friday. The borrowers will be looking to emulate the success of Westpac New Zealand, which got a fantastic reception for its legally compliant debut in June.
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