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.

Tuesday, 29 September 2020

Vector launches six-year domestic deal

On 30 September, Vector (BBB by S&P) launched a six-year, indicative NZ$150 million (US$98.9 million), domestic wholesale transaction, with indicative price guidance of 130-145 basis points over mid swap. ANZ and BNZ are joint lead managers for the deal, which is expected to price on the day after launch.

Sunday, 27 September 2020

Vector lining up six-year domestic deal

On 28 September, Vector (BBB/Baa1) revealed plans for a new, six-year, New Zealand dollar denominated wholesale deal. ANZ and BNZ have been appointed joint lead managers.

Friday, 18 September 2020

Breakthrough for New Zealand duration as Auckland Council issues 30-year green bond

An expanded pool of eligible green-bond projects, including many long-dated assets, and New Zealand’s interest-rate environment provided the catalyst for Auckland Council to print a 30-year green-bond deal. The issuer says the tenor is an important development and the success of its transaction should encourage others to test the water at extended duration.

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