Housing New Zealand
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.
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.
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.
On 11 October, Housing New Zealand (Housing NZ) (AA+) revised the price guidance for its new 2028 line transaction to 50 basis points over mid-swap, having launched with a range of 50-57 and subsequently revised to 50-52 basis points over mid-swap earlier the same day. The price guidance for the increase of its 2023 line remains unchanged at 17 basis points over mid-swap.
On 11 October, Housing New Zealand (Housing NZ) (AA+) revised the indicative price guidance for its new 2028 line to 50-52 basis points over mid-swap, having launched at 50-57 basis points over mid-swap earlier the same day. The indicative price guidance for the increase to its 2023 line is unchanged, at 17 basis points over mid-swap.