BNZ with first Kiwi covered Kangaroo

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BNZ with first Kiwi covered Kangaroo

National Australia Bank’s subsidiary, the Bank of New Zealand, has today launched the first Kangaroo covered bond in Australian dollars and the first from New Zealand. The deal comes as rival Australian bank, ANZ, goes on the road in Europe with its inaugural euro denominated covered bond and as Commonwealth Bank of Australia confirms plans to issue A$5bn of covered bonds annually.

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