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.
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.
KangaNews Awards 2023: Market People of the Year
KangaNews has announced its Market People of the Year 2023, at the KangaNews Awards Gala Dinner in Sydney on 19 March. These are the individuals who voters in the KangaNews Awards 2023 believe went above and beyond to contribute to the development of the Australian and New Zealand debt markets. There are no restrictions on the firms, role or seniority of winners – voters were simply asked to consider who contributed most to the market in either or both 2023 specifically or across the span of a career.
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.
