New Zealand Local Government Funding Agency
Open economy, closed border: opportunities and challenges in New Zealand
New Zealand’s government-sector issuers experienced market upheaval as severe as their neighbours in Australia during the height of the COVID-19 crisis in March and April. Intervention from the Reserve Bank of New Zealand (RBNZ) and an enviable pace of economic reopening have improved the outlook, but issuers at a KangaNews-Westpac roundtable in June say plenty of challenges remain to be faced.
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.
KangaNews Awards 2024: institution and deal winners announced
KangaNews is proud to announce the winners of the institutional and deal categories in the KangaNews Awards 2024. At the end of a banner year in the Australian and New Zealand capital markets, KangaNews received votes from hundreds of market participants keen to recognise the achievements of 2024's most outstanding performers.
Capacity and cuts top the talking points in New Zealand
In June, KangaNews and Westpac gathered issuers from across the New Zealand high-grade landscape in Wellington to discuss domestic market conditions and global demand. While near-term attention remains focused on monetary policy, there is an underlying sense that supply patterns are fundamentally changing the shape of the New Zealand dollar market.
Kangaroo market’s destination Canada
Investor diversity, relative value and the growing status of the Australian dollar market lined up for a quartet of Canadian provinces as they shattered the record volume for the sector in Kangaroo format. The nearly A$5 billion issued in the span of a few weeks represents a sea change for provincial activity – but might be hard to repeat.
HIGH-GRADE ISSUERS YEARBOOK 2024
The ultimate guide to Australian and New Zealand government-sector borrowers.
