Briefs: BNK board appointment, zipping up first issuance
BNK Banking Corp appointed financial services lawyer Jon Denovan to its board. He will take his board seat next month, following the retirement of non-executive director Derek LaFerla. Denovan is a senior counsel at law firm Dentons, and a veteran commentator on mortgage market law and practice. Retail finance company Zip Co has priced the first issuance from its Zip Master Trust. The deal, arranged by NAB, closed at A$500 million. It gives Zip a significant funding boost At June 30, it had $631 million of funding available, of which $587 million was utilised. The facility was increased to $731 million last month.