New Zealand Debt Management
Plenty more issuance but strong starting position for NZDM
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 capital market gears up for growth as recovery starts to take shape
New Zealand’s return to growth is shifting the focus to what lies ahead: economic recovery shaped by reform, resilience and market agility. At the annual KangaNews women in New Zealand capital markets roundtable, participants discussed how the local market is positioned for the rebound, what still needs work and from where opportunities might emerge.
Kiwis of all stripes flock offshore in search of pricing and liquidity advantages
New Zealand borrowers are increasingly heading offshore to fund as foreign markets offer up pricing and size outcomes that in many cases outperform those available at home. With at least seven foreign currency deals hitting screens in Q1, the pipeline started the new year in good health – and some issuers even say future activity may not be restricted to senior format.
Inward investment in focus as New Zealand eyes green shoots
New Zealand is emerging from recession though its recovery to date is patchy by sector and geography. Speakers at the annual ANZ-KangaNews New Zealand Capital Market Forum, which took place in Auckland on 27 March, say attracting a greater volume of international investment – in sectors including the bond market and infrastructure development – will be key to catalysing growth.
Market growth despite clouded economic outlook
Two themes emerged strongly from conversations at the 2024 Commonwealth Bank of Australia Global Markets Conference, which took place in Sydney and Melbourne in October. One is the shifting tectonic plates of geopolitics and macroeconomic norms, which makes forecasting the outlook more challenging than ever. The other is the underlying growth and improved functionality of the Australian debt market, which is producing opportunities and attracting capital in the high-grade and credit sectors.
Breadth, urgency and accountability in New Zealand’s sustainable finance story
The KangaNews-Westpac New Zealand Sustainable Finance Summit, which took place in Auckland in November 2024, featured the event’s most ambitious and wide-reaching agenda. Speakers discussed the urgent need to act on climate, nature and social challenges, how to do so while navigating the increasingly complex world of regulation and disclosure, and why it is critical to maintain the highest possible ambition.
HIGH-GRADE ISSUERS YEARBOOK 2024
The ultimate guide to Australian and New Zealand government-sector borrowers.
