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.

Thursday, 29 November 2018

Reset structure bolsters 10-year demand for Chorus

Chorus’s return to domestic issuance represents a significant development for the New Zealand corporate credit market, deal sources say. The 10-year transaction features a rate reset after five years, which helped stimulate retail demand. Market users expect the feature to be used again given the success of Chorus’s transaction.

Tuesday, 13 November 2018

Chorus launches 10-year domestic deal

Chorus (BBB/Baa2) launched a NZ$300 million (US$202.6 million), with the ability to accept oversubscriptions, 10-year domestic deal on 14 November. The forthcoming deal, which is being offered to institutional and New Zealand retail investors under same-class exemption rules, has an indicative margin of 1.80-1.90 per cent and a minimum interest rate of 4.35 per cent. The margin and interest rate will be set on 23 November following a bookbuild.

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.

Thursday, 03 May 2018
Apr/May 2018

New Zealand stays the course

Global capital markets face a range of geopolitical and economic challenges, the impacts of which continue to affect New Zealand. Participants at the KangaNews New Zealand Capital Markets Forum, which took place in Wellington in early March and was sponsored by ANZ, reflected on New Zealand’s challenges and opportunities in the changing environment.

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