Housing New Zealand

Tuesday, 16 October 2018

Tenor extension the focus in Housing NZ’s latest deal

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.

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.

Thursday, 11 October 2018

Housing NZ further revises price guidance for new 2028 line

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.

Thursday, 11 October 2018

Housing NZ revises price guidance for new 2028 line

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.

Wednesday, 10 October 2018

Housing NZ launches new 10-year and increase to 2023 domestic lines

On 11 October, Housing New Zealand (Housing NZ) (AA+) launched a minimum NZ$100 million (US$64.5 million) new 10-year domestic deal and an increase to its existing 2023 line, with indicative price guidance of 50-57 basis points and 17-19 basis points over mid-swap respectively.

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