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Wednesday, 05 September 2018
Aug/Sep 2018

View from the land of the long white cloud

The KangaNews New Zealand Debt Capital Markets Summit 2018, held in Auckland on 8 August, attracted the largest delegate representation ever for an event that has run annually since 2013. Discussion captured all the talking points in the New Zealand capital market including macroeconomics, the business environment and trade updates, as well as spotlights on infrastructure, technology, bank securitisation and investing with impact.

Tuesday, 26 June 2018

Auckland Council beats a path for New Zealand green bonds

Auckland Council revealed its intention to be New Zealand’s first domestic green-bond issuer in March, with market development one of its key objectives. In the wake of the transaction’s pricing, on 21 June, deal sources say the issuer achieved this objective, uncovering significant demand and attracting new investors.

Wednesday, 20 June 2018

Auckland Council revises indicative margin on green bond

Auckland Council (AA/Aa2) revised the indicative margin on its forthcoming green bond transaction to 50-53 basis points over swap on 20 June, from 47-55 basis points over swap at launch on 18 June. The final margin for the NZ$150-200 million (US$103.6-138.2 million) five-year deal will be set following a bookbuild on 21 June, according to arranger and lead manager ANZ.

Monday, 18 June 2018

Auckland Council launches five-year domestic green bond

Auckland Council (AA/Aa2) launched its NZ$150-200 million (US$103.9-138.6 million) five-year green bond transaction on 18 June. The forthcoming deal is being marketed at 47-55 basis points over swap, with the final margin and interest rate to be set following a bookbuild scheduled to take place on 21 June. ANZ is arranger and lead manager for the transaction.

Tuesday, 12 June 2018

Auckland Council plans inaugural green bond

Auckland Council (AA/Aa2) revealed it will launch a NZ$150-200 million (US$105.3-140.4 million) five-year green bond during the week beginning 18 June, in a statement posted on the NZX on 12 June. ANZ is arranging and leading the forthcoming deal.

Wednesday, 14 March 2018
Apr/May 2018

Local market-building goal to keep Auckland Council in New Zealand for green debut

Auckland Council plans to tap the New Zealand dollar market for its debut green bond during 2018, as the issuer aims to play its part in providing the supply needed to catalyse domestic funds growth. The council revealed on 7 March that it plans to become a green-bond issuer this year, though it is yet to develop detailed transaction plans.

Thursday, 08 February 2018
Feb/Mar Supplement 2018

Australasian government-sector issuer profiles and perspectives

Profiles of all the capital-markets-relevant issuers in the Australian and New Zealand government sectors, including issuer-specific interviews with the most active borrowers and data from the two sovereign debt markets.

Thursday, 08 February 2018
Feb/Mar Supplement 2018

Government-sector issuers roundtable part three: issuance insights

The final part of KangaNews’s exclusive Australasian government-sector issuers roundtable covers the specifics of funding plans – including the outlook for foreign-currency, floating-rate, and green and social securities.

Thursday, 08 February 2018
Feb/Mar Supplement 2018

Government-sector issuers roundtable part two: New Zealand perspectives

The New Zealand government-sector bond market is well placed going into 2018, issuers tell KangaNews. A positive economic story and projected lower issuance from the sovereign should support a solid supply-demand dynamic – though issuers say they continue to work hard at investor engagement at home and abroad.