ANZ buys time with pre-maturity test tweak
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Covered Bonds

ANZ buys time with pre-maturity test tweak

time

ANZ has altered the pre-maturity test of the hard bullet transactions in its covered bond programme, by doubling the time the covered bond guarantor has to sell assets. The "investor-friendly" update, which improves rating stability, follows ANZ’s recent downgrade and could be of interest to other issuers in a similar situation.

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