first covered bond has launched, with ANZ Bank completing a
$1.25 billion issue on Wednesday.
Mallesons Stephen Jacques partner believes the country should
introduce a European-style aggregate model to encourage covered
bonds issuance by the countrys smaller authorised
deposit-taking institutions (ADIs).
Banks five-year fixed rate transaction was priced at a
spread of 115 basis points over mid-swaps, at around 60 basis
points inside the level for new senior-unsecured US dollar debt
The issuance followed...