Westpac sets sights on sterling covereds

Bitten Pound
By Bill Thornhill
10 Jan 2018

Westpac has mandated leads for the third sterling five year floating rate covered bond from a bank outside the UK to be issued this year.

HSBC, Nomura, Royal Bank of Canada and Westpac have been mandated for the transaction, which is secured on Australian residential mortgages.

The deal is expected to be rated Aaa/AAA with Moody’s and Fitch and follows a string of successful sterling five year ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.