New Zealand Debt Management
New Zealand Debt Management (NZDM) is facing a funding task in the coming years multiples higher than even its most active historical programmes. Kim Martin, New Zealand Treasury’s Wellington-based acting director, capital markets, discusses the solid starting position and execution plans for the coming issuance requirement.
New Zealand Debt Management says its recent inflation-indexed bond tap – its first syndicated linked deal for more than five years – uncovered interest from new and offshore investors sufficient to support a significant oversubscription. The tap and simultaneous repurchase of the 2025 linker follow changes to the tendering process, which together should help reinvigorate the asset class, according to market participants.
HIGH-GRADE ISSUERS YEARBOOK 2022
The ultimate guide to Australian and New Zealand government-sector borrowers.