Housing NZ further revises price guidance for new 2028 line
- Thursday, 11 October 2018
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.
Financial institution issuers yearbook 2018.
The first annual guide to global financial-institution issuers.
investing with impact Yearbook 2017
KangaNews's first-ever supplement focusing on sustainability in the Australian fixed-income market.
Related news
QTC’s 2018/19 funding requirement unchanged after mid-year review
On 13 December, following the release of the Queensland government’s mid-year fiscal and economic review, Queensland Treasury Corporation (QTC) announced an unchanged term debt borrowing programme for the 2018/19 financial year at A$8 billion (US$5.8 billion) (see table).
NZDMO borrowing requirement unchanged for 2018/19
On 13 December, following the New Zealand government’s half year economic and fiscal update, New Zealand Debt Management Office (NZDMO) revealed an unchanged core Crown borrowing programme for the 2018/19 financial year, at NZ$8 billion (US$5.5 billion). Around NZ$1 billion of the issuance programme is expected to be undertaken in inflation-indexed bonds.
SAFA reveals plans for AONIA-FRN deal
On 29 November, South Australian Government Financing Authority (SAFA) (AA+/Aa1) revealed plans for a possible Australian dollar denominated, Australian overnight index average-linked floating-rate note (AONIA-FRN) transaction. Market consultation for the proposed structure will take place in late 2018, with a possible transaction to follow in 2019. Meetings will be held in Sydney, Melbourne and Brisbane in the week commencing 12 December.
Christchurch launches six-year domestic deal
Christchurch City Holdings (Christchurch) (A+ by S&P) launched a NZ$100-150 million (US$68.6-102.9 million) six-year domestic deal on 19 November. The forthcoming deal has an indicative margin of 85-95 basis points over swap, with the margin and interest rate to be set following a bookbuild scheduled for 21 November. Arranger and lead manager is Westpac Banking Corporation New Zealand Branch. ANZ is also a lead manager.