Westpac has been operating in New Zealand since 1861. On 1 November 2006, the retail and business banking operations of Westpac became a locally incorporated company called Westpac New Zealand Limited (WNZL).
Westpac Securities NZ Limited (WSNZL) is the dedicated entity that provides all offshore wholesale funding for WNZL.
- WSNZL issuance through its London branch, is via covered bond, USCP, ECP/CD, EMTN and 144A programs
- WSNZL's issuance is guaranteed by its indirect parent, WNZL
- Disclosure for WNZL as guarantor is provided via the New Zealand Disclosure Statement (DS) regime as required by the New Zealand Reserve Bank.
(Please also visit us at Bloomberg "WSNZ").
View WNZL's latest investor presentation
Credit ratings for WNZL
|Short term||Long term||Outlook|
|Moody's Investors Service||P-1||A1||Stable|
|Standard & Poor's||A-1+||AA-||Negative|
About WSNZL Green Bonds
The net proceeds of WSNZL Green Bonds are used to finance or maintain the finance for projects and assets which are aligned with the ICMA Green Bond Principles. Funds raised can be used to finance and refinance projects across a range of categories, including Green Buildings and Renewable Energy.
The net proceeds of WSNZL Green Bonds go into the Westpac general pool of funds and are then tagged and allocated to investment in the Green Bond Eligible Asset Pool. Funding for eligible green projects is supplemented by funds raised through Westpac New Zealand’s normal funding activities.
WSNZL Green Bonds rank as senior, unsecured obligations of Westpac New Zealand Limited and are issued off WSNZL’s EMTN Senior Program
Green Bonds Investor Reports