New Zealand's ASB Bank plans senior eurobond-source

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SYDNEY, May 30 (Reuters) - New Zealand's ASB Bank Ltd,
owned by the Commonwealth Bank of Australia (CBA.AX), plans to
sell a senior eurobond, a market source said on Friday.

The bank held debt presentations in Europe this week
arranged by JPMorgan and Merrill Lynch.

Earlier in May, ASB raised NZ$483 million ($377 million) of
three-year notes at 90 basis points over swap and BKBM. See
[ID:nSYD116439].
($1=NZ$1.28)
(Reporting by Cecile Lefort)