New Zealand Local Government Funding Agency

Thursday, 16 July 2020
Jun/Jul 2020

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.

Tuesday, 11 June 2024
KangaNews Sustainable Finance H1 2024

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.

Monday, 04 March 2024

LGFA shrugs off repo uncertainty to validate Australasian issuance strategy

New Zealand Local Government Funding Agency is confident its latest Kangaroo deal demonstrates ongoing support for its name in Australian dollars, despite its recent loss of local repo eligibility. With four points now on its Australian dollar curve, the issuer says its new issuance focus will shift to building up line size rather than adding new benchmarks.

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