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Monday, 24 February 2020
Feb/Mar 2020 Supplement

New Zealand issuers comfortable despite larger tasks

New Zealand’s sovereign and semi-government issuers are facing some of the same challenges as their Australian peers, most notably declining relative yield and larger issuance tasks driven by infrastructure investment. But the trans-Tasman stories are not identical, as New Zealand’s issuers explained at a KangaNews roundtable in Wellington in January.

Friday, 21 February 2020
Feb/Mar 2020 Supplement

First in, best dressed

Government-sector issuers are among Australasia’s most active in the green, social and sustainability (GSS) bond space. They are also responding to increasing investor demand for entity-level environmental, social and governance (ESG) commitments and say they are well placed to provide these despite some negative headlines.

Thursday, 20 February 2020
Feb/Mar 2020 Supplement

High-grade issuer profiles and perspectives 2020

Key data and information on 15 high-grade issuers active in the Australasian debt markets, including funding strategy information, debt data and issuer-specific perspectives. 

Monday, 20 January 2020
Dec/Jan 2019/20 IWI supplement

A sustainable market takes shape in New Zealand

New Zealand's green, social and sustainability (GSS) bond market grew substantially in 2019 but is still concentrated around a fw repeat issuers. At the KangaNews-Westpac New Zealand Sustainable Finance Summit in Auckland in November 2019, market participants discussed developments in the GSS market and the wider application of sustainability.

Tuesday, 16 July 2019

IFC becomes latest SSA to benefit from favourable mid-curve conditions

Attractive pricing conditions driven by demand outstripping supply in the mid-curve was the main factor driving International Finance Corporation (IFC)’s relatively large Kangaroo print on 10 July, deal sources say. While high-grade Kangaroo issuance volume is flat in 2019, the mid-curve has experienced something of a renaissance.

Wednesday, 10 July 2019

New Zealand GSS market takes the next step with first repeat issuer

The nascent green, social and sustainability (GSS) bond space in New Zealand continued to advance on 3 July, when Auckland Council became the market’s first repeat GSS issuer. Deal sources cite greater acceptance of green as an asset class as further evidence of market maturity.

Monday, 01 July 2019

Auckland Council launches six-year green-bond deal

On 1 July, Auckland Council (AA/Aa2) launched its new, six-year, NZ$100-150 million (US$67.2-100.8 million) green-bond transaction. The forthcoming deal has indicative price guidance of 55-59 basis points over mid swap, with the final margin to be set on 3 July following a bookbuild. ANZ and BNZ are joint lead managers.

Monday, 24 June 2019

Auckland Council plans six-year green bond

On 24 June, Auckland Council (AA/Aa2) revealed plans for a new, six-year green-bond transaction to New Zealand retail and institutional investors. Investor presentations will be held in Auckland and Wellington on 1 July, with full details of the offer expected to be revealed in early July. ANZ and BNZ are joint lead managers.

Friday, 15 February 2019
Feb/Mar 2019 Supplement

High grade capital-markets issuance history

Exclusive information from the KangaNews deal database covering capital-markets transactions by high-grade issuers profiled in the KangaNews High-Grade Yearbook 2019.