BNZ
New opportunities for New Zealand securitisation
A more optimistic tone has emerged in New Zealand’s securitisation market on the back of two primary-market transactions and the emergence of a potential large-scale new issuer. The tone is markedly different from the first half of the year, when market participants did not expect to see deal flow in 2020.
New Zealand credit supply debate focuses on bank issuance
The New Zealand primary bond market picked up around the turn of the fourth quarter after a disappointing first half. An expected uptick in bank issuance – including additional capital securities – also appears to be underway. But the challenge of undersupply remains, leading to fundamental questions about the role of the local credit market.
Building a capital market to support sustainable growth
For the first time, the KangaNews New Zealand Debt Capital Market Summit brought together the heads of institutional bank at New Zealand’s big-four banks to discuss the capacity and capabilities of the local market, the economic outlook and the next wave of challenges and opportunities.
GSS issuance in time and numbers
KangaNews has been tracking the progress of Australian and New Zealand sustainability labelled debt instruments since the market began, including coverage of groundbreaking transactions and keeping extensive issuance data in the KangaNews deal database. A timeline of key developments and data points illustrates market progress over the years.
Innovation outscores volume in New Zealand labelled issuance
New Zealand’s labelled bond market kicked off later than other developed countries but has built a reputation for innovation, especially in the government sector. However, groundbreaking deal structures have yet to be accompanied by weight of issuance – especially in the credit space. Local market participants review the history and look ahead.
New Zealand's market ready to step up as degree of difficulty grows
With a substantial infrastructure requirement looming and a weak economic environment, the New Zealand capital market will have to be on top of its game in the years ahead. Participants at KangaNews’s annual women in New Zealand capital markets roundtable discussed the issues at hand and how they believe a constructive ecosystem can be developed.
