On 16 February, Westpac New Zealand (Westpac NZ) (AA-/A1/A+) launched an indicative NZ$100 million (US$72.4 million), senior-unsecured, five-year, self-led, fixed-rate transaction. Indicative price guidance for the forthcoming deal, which is expected to price on 18 February, is 50-55 basis points area over mid-swap.
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