On 30 April, SkyCity Entertainment (BBB-) revealed plans for a NZ$125-175 million (US$90.5-126.7 million) six-year transaction. Offered to institutional and New Zealand retail investors, the margin will be set following a bookbuild in the week beginning 10 May. Westpac Banking Corporation New Zealand Branch is arranger and joint lead manager alongside ANZ, Commonwealth Bank, Craigs Investment Partners, Forsyth Barr and Jarden Securities.
At a Climate Bonds Initiative event on 29 April, the organisation’s chief executive, Sean Kidney, said the difference between actual and required sustainable investment to meet the demands of green transition remain significant. He also outlined the risks to Australia in being a climate laggard.
In 2020, KangaNews launched its Women in Capital Markets Yearbook with a focus on amplifying female voices in the Australian market. The publication received widespread positive response, including requests from New Zealand to bring a similar project to the other side of the Tasman Sea. On 8 March this year – International Women’s Day – KangaNews hosted its first roundtable discussion exclusively featuring female leaders in the New Zealand debt market. The event was not just to discuss gender diversity but to provide a forum for their voices at a key moment of market development.