SAFA prices A$1 billion May 2034 line via syndication
- Tuesday, 09 February 2021
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TCorp revises 2020/21 borrowing programme down by A$6.25 billion
On 25 February, New South Wales Treasury Corporation (TCorp) revised down its total funding task for financial year 2020/21 by A$6.25 billion (US$5 billion) to A$29.55 billion, following the release of the New South Wales (NSW) state government’s half-yearly review.
RBNZ asset purchases
The Reserve Bank of New Zealand (RBNZ) has embarked on an asset purchasing programme as part of its regular open market operations in support of monetary policy goals. KangaNews will provide subscribers with easy access to asset purchase data, which will be updated as information is made publicly available by the RBNZ.
Sovereign upgrade puts New Zealand in rare air
New Zealand became the only sovereign rated by S&P Global Ratings to be upgraded since the beginning of the COVID-19 crisis, on 22 February. The one-notch upgrade – to AAA – was driven by the country’s effective response to the pandemic and also improves the rating of related government agencies and local councils.