Second bank exploring covered bond market offering

A second bank is looking to offer covered bonds, after Bank of New Zealand raised $425 million in an Australasian debut for the debt product last week.Westpac says it's working on developing a covered bond programme with the aim of issuing the bonds, secu

Georgina Bond
Fri, 18 Jun 2010

A second bank is looking to offer covered bonds, after Bank of New Zealand raised $425 million in an Australasian debut for the debt product last week.

Westpac says it’s working on developing a covered bond programme with the aim of issuing the bonds, secured on a pool of prime residential

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