BNZ

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.

Friday, 18 January 2019

Domestic-investor focus for Kauri market to start 2019

The Kauri market saw its first deal of 2019 on 16 January when World Bank priced a NZ$400 million (US$270.7 million), five-year deal. Deal sources say offshore interest in Kauri deals has waned but robust domestic participation and low relative yield are accommodative to issuers.

Monday, 14 January 2019

World Bank launches first Kauri bond for 2019

On 15 January, World Bank (AAA/Aaa) launched a new, minimum NZ$300 million (US$204.8 million) five-year Kauri bond. The forthcoming deal is being marketed at 41 basis points area over mid-swap. Pricing is expected on the day after launch, according to lead managers ANZ, BNZ and Commonwealth Bank of Australia.

Wednesday, 09 January 2019

New Zealand debt market eyes a shake-up following RBNZ capital plan

Proposed new capital-ratio requirements for New Zealand’s banking sector are causing frustration in the local debt market as participants grapple with a raft of potential consequences. While financial institutions have grown accustomed to increases in capital requirements in the post-financial crisis era, market participants say the wider implications of such a significant shift are largely unknown.

Tuesday, 04 December 2018
Dec/Jan 2018/19

KangaNews Awards 2018: winners announced

KangaNews is proud to present the winners of the institutional and deal categories in the KangaNews Awards 2017. After an extensive voting and verification process, KangaNews can confidently say its results reflect a true market view on the outstanding performers of 2017 in the Australian and New Zealand debt markets.

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