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.

Wednesday, 12 February 2020

Maturity clears way for World Bank’s belated 2020 antipodean debut

A large maturity and pricing that has moved more in line with global markets allowed World Bank to make its first foray into antipodean markets for 2020 with a New Zealand dollar deal. Domestic balance-sheet support anchored the transaction, lead managers say.

Monday, 10 February 2020

World Bank releases book update for five-year Kauri deal

On 10 February, World Bank (AAA/Aaa) revealed a book update for its five-year Kauri deal. The new minimum volume is NZ$400 million (US$256.5 million), after launching earlier in the day at minimum NZ$200 million. The book is in excess of NZ$415 million, with the issuer open to further upsize. Pricing is unchanged at 33 basis points area over mid-swap. ANZ and BNZ are leading.

Sunday, 09 February 2020

World Bank launches NZ$200 million five-year Kauri transaction

On 10 February, World Bank (AAA/Aaa) launched a new minimum NZ$200 million (US$128.1 million), five-year, Kauri bond transaction. The forthcoming deal, which is expected to price on the day after launch, is being marketed at 33 basis points area over mid-swap. ANZ and BNZ are joint lead managers.

Friday, 24 January 2020

BNZ prints NZ$500 million five-year deal

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