Kāinga Ora planning new 2030 bond as well as 2025 tap in wellbeing bond format

On 21 January, Housing New Zealand Limited (AA+/Aaa), a subsidiary of Kāinga Ora – Homes and Communities (Kāinga Ora), mandated ANZ, BNZ and Westpac Banking Corporation New Zealand Branch to arrange a global investor conference call on 23 January regarding the borrower’s increased borrowing protocol limit, as well as a potential increase to the issuer’s June 2025 wellbeing bond and a new 2030 wellbeing bond. The transactions may launch as early as the week beginning 27 January.