Australia and New Zealand launch first syndications of 2020-21

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By Frank Jackman
13 Jul 2020

Australia and New Zealand launched their first syndications of their 2020-21 fiscal years on Monday.

New Zealand plans to raise at least NZ$2bn ($1.3bn) with a new 1.75% May 2041 syndication.

Leads Bank of New Zealand, JP Morgan, UBS and Westpac are offering initial pricing guidance of 29bp-36bp over the sovereign's 2.75% April 2037 bond, ahead of pricing on Tuesday.

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