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 extended its maturity curve to 30 years on 14 September, placing a NZ$3 billion (US$2.1 billion) nominal bond deal primarily with offshore accounts.
At the start of June, KangaNews and Westpac brought together New Zealand’s biggest government-sector issuers in Wellington to discuss the path of their market from the depths of the crisis back to functionality, the new challenges of 2021 and the outlook for a raft of factors – including sustainable-finance evolution, inflation-linked issuance and the long-dated market.
HIGH-GRADE ISSUERS YEARBOOK 2021
The ultimate guide to Australian and New Zealand government-sector borrowers.