Thursday, 11 October 2018
Oct/Nov 2018

New Zealand's game changers

The biggest issue in the New Zealand debt market has historically been shortage of domestic supply relative to a demand pool that has grown significantly in the KiwiSaver era. In September, BNZ and KangaNews convened their annual New Zealand roundtable with a specific goal in mind: to discuss whether the national infrastructure need, the emergence of bank securitisation and other factors can radically change the supply landscape.

Sunday, 11 November 2018

BNZ launches new five-year domestic deal

On 12 November, Bank of New Zealand (BNZ) (AA-/A1) launched a new, five-year domestic deal with indicative price guidance of 100-105 basis points over mid swap. The self-led deal is expected to price on 14 November.

Sunday, 04 November 2018

Chorus and Fonterra ready domestic deals

On 5 November, Chorus and Fonterra Co-operative Group (Fonterra) revealed plans for domestic deals to be offered to institutional and retail investors under same-class exemption rules.

Tuesday, 30 October 2018

BNZ to engage domestic debt investors

On 31 October, Bank of New Zealand (BNZ) revealed plans to meet domestic debt investors in the week commencing November 5. A capital markets transaction may follow.

Tuesday, 16 October 2018

Tenor extension the focus in Housing NZ’s latest deal

Extending its curve to 10 years was Housing New Zealand (Housing NZ)’s focus in its latest transaction. The issuer says conducive pricing facilitated its curve extension, which takes it into duration territory rarely seen in the New Zealand syndicated market.

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