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1.
Monday, 04 March 2024

LGFA shrugs off repo uncertainty to validate Australasian issuance strategy

New Zealand Local Government Funding Agency is confident its latest Kangaroo deal demonstrates ongoing support for its name in Australian dollars, despite its recent loss of local repo eligibility. With four points now on its Australian dollar curve, the issuer says its new issuance focus will shift to building up line size rather than adding new benchmarks.

4.
Wednesday, 28 February 2024

LGFA mandates leads for Kangaroo bond

5.
Friday, 23 February 2024
Feb/Mar 2024

LGFA left out in the cold after RBA repo eligibility u-turn

New Zealand Local Government Funding Agency is confident about its ongoing Australian dollar issuance prospects despite expressing disappointment at the Reserve Bank of Australia process that saw the issuer initially granted repo eligibility before having that status withdrawn. The issuer believes the outcome highlights anomalies in the expanded list of assets eligible for repo in Australia but will not take its claims further.

6.
Thursday, 18 January 2024
Dec/Jan 2023/2024

Everything, all together, all the time

New Zealand is well ahead of the game when it comes to net zero transition in power generation, but many other sectors of its economy still have a long way to go to establish long-term sustainable foundations. Recent climate events, meanwhile, make it very clear that the time for delay has long passed. Speakers at the KangaNews-Westpac New Zealand Sustainable Finance Summit, which took place in Auckland in November, discussed the critical issues in the context of making sure the next step is action rather than fatigue.

7.
Thursday, 18 January 2024
Dec/Jan 2023/2024

Kauris and LGFA make revised RBNZ liquid assets list

The Reserve Bank of New Zealand provided an update to its liquidity policy review on 5 December, with the banking system regulator now set to include level two liquid assets and a substantial committed liquidity facility in the forthcoming regime. The reserve bank has confirmed that securities issued by New Zealand Local Government Funding Agency and by “highly rated” Kauri borrowers will be included as level two liquid assets.

8.
Wednesday, 17 January 2024
Dec/Jan 2023/2024

Australasian energy transition from generator to user

Energy transition will affect every nation, business and individual, and the scale of the task – and the resulting upheaval – is only now starting to become a stark reality. Fitch Ratings and KangaNews gathered Australian and New Zealand capital market participants representing the full power supply chain and the buy side to discuss with Fitch’s analysts what is coming down the pike.

9.
Wednesday, 10 January 2024

2023 year in review: New Zealand Kangaroos hop to Australian shores

Deals from New Zealand issuers in the Australian market revved up in a big way in 2023. There are a raft of reasons why the Kangaroo market should remain attractive to opportunistic New Zealand borrowers into 2024 – provided market fundamentals, including basis swap dynamics, are supportive.

10.
Monday, 08 January 2024

2023 year in review: New Zealand market stays on board amid choppy waters

New Zealand’s capital market faced several headwinds in 2023 but managed to navigate a course to issuance consistent with recent years. A late year regulatory update could suggest smoother sailing ahead for at least one key sector, though deal flow from 2023 provides few hints at a radical change in supply or demand patterns.