Housing New Zealand (Housing NZ) (AA+) launched a domestic transaction on 31 May, seeking a minimum of NZ$100 million (US$69.9 million) in each of five- and seven-year tranches with maximum aggregate volume of NZ$500 million. ANZ and Westpac New Zealand are leading the deal, which is being marketed at 32-38 basis points over mid-swap for the five-year notes and 48-55 basis points over mid-swap for the seven-year notes. Pricing is expected by 1 June.