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Covered bond law passed by Parliament in December boosted pricing and demand for Westpac's covered bond issue, treasurer says

Covered bond law passed by Parliament in December boosted pricing and demand for Westpac's covered bond issue, treasurer says

By Gareth Vaughan

Westpac treasurer Jim Reardon says covered bond legislation, passed by Parliament late last year, was a key factor in both the strong demand for, and good pricing of, his bank's €750 million covered bond issue on Tuesday night.

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