1994-YTD NZ Sustainable Bond Cumulative League Table - Kauri Issuers - Including Self-led Deals

NZ Sustainable Bond League Table - Kauri issuers
Including Self-Led Deals
1 Jan 2014 - YTD

Bookrunner	Volume (NZ$m)	No. deals	Market share (%)
ANZ	5,092	22	34.5
BNZ	4,558	20	30.9
Commonwealth Bank of Australia	2,233	11	15.1
Westpac	1,708	7	11.6
TD Securities	1,183	6	8.0
TOTAL	14,775		100

Source: KangaNews 9 Jan 2024

Note: The last deal completed in the NZ domestic market priced on 20 Jul 2023. The league table will be updated again when the next deal prices.

Sustainable bond criteria: Must be aligned with recognised external global principles/standards. At this stage, KangaNews accepts the following:

(a) Green bonds: ICMA Green Bond Principles or CBI Climate Bonds Standard
(b) Social bonds: ICMA Social Bond Principles
(c) Sustainability bonds: ICMA Sustainability Bond Guidelines
(d) Sustainability-linked bonds: ICMA Sustainability-linked Bond Principles
(e) Transition bonds: ICMA Climate Transition Finance Handbook

To determine whether a bond is "aligned", all issuers outside the SSA sector will need to show an external review that verfies alignment with the Principles and must also have a framework (ie the core components plus key recommendations of the Principles). For SSA issuers, a framework is preferable but if none exists the issuer must show that it has internal processes in place to follow alignment and also that it offers investors detailed impact reporting. Due to the nature of business conducted by SSAs, some exceptions are made for borrowers in this sector.

Additional criteria: Must be public bond; no minimum size; one-year minimum maturity or call date; dual-tranche issues counted as one deal if both tranches have the same maturity date; settlement date used for date calculations; issued in NZD; no requirements regarding domicile of issuer; pricing must be disclosed; deal must be syndicated; bookrunners given equal allocation (unless advised otherwise); excludes bonds that have been retrospectively labelled as susstainable bonds; excludes asset-backed securities.