ASB mandates for covered bond roadshow

ASB building logo 230px
By Bill Thornhill
21 Sep 2017

Commonwealth Bank of Australia subsidiary, ASB Finance, has mandated leads for a roadshow to market its first covered bond of the year and the third from a New Zealand issuer.

ASB Finance has mandated Barclays and Commerzbank to arrange a roadshow in Europe that will take place in the week starting October 2.

A probable €500m transaction in the five to seven year bucket with an Aaa/AAA rating from Moody’s and Fitch is expected ...

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