News

BNZ to launch country’s first covered bond programme

Wednesday 9th of June 2010

 

The covered bonds, which provide investors an extra security on a pool of residential mortgages if the issuer defaults on a payment, were given triple-A ratings by Moody's Investors Services and Fitch Ratings after the issuance of the securities was given the all-clear by the Reserve Bank in its latest Financial Stability Report.

Jennifer Wu, a senior analyst at Moody's, to...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.