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Moody's: ANZ New Zealand (Int'l) issues €1B of covered bonds

ANZ Bank NewZealand Ltd. unit ANZNew Zealand (Int'l) Ltd. issued mortgage covered bonds amounting to€1 billion, Moody's said.

The bonds were issued under the bank's €8 billion mortgagecovered bond program.

The bonds are backed by New Zealand residential mortgageloans. The collateral score for the cover pool is 5.0%, Moody's said.