New Zealand market participants are confident the Reserve Bank of New Zealand’s planned sell-down of some assets acquired in its QE programme should be manageable without major digestion issues. However, key details of the scheme – scheduled to start in the 2022/23 financial year – are yet to be finalised or disclosed.
KANGANEWS SUSTAINABLE FINANCE H1 2022
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HIGH-GRADE ISSUERS YEARBOOK 2022
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The Australian Office of Financial Management and Australian federal Treasury have been discussing what would be involved in sovereign labelled bond issuance – for instance green bonds – should the government decide to pursue this. Market sources tell KangaNews the move is part of a growing trend in Canberra toward greater receptibility to sustainable finance, as the government attempts to catch up with international peers.
Australian government-sector issuers hold the line despite challenges
Australia’s largest sovereign and semi-government issuers say their funding tasks remain manageable despite difficult market conditions. Participants at the third annual KangaNews-Westpac Institutional Bank Australian high-grade roundtable discussed key issues including changing demand patterns and how different formats, such as floating-rate notes and sustainability issuance, can be used to weather higher volatility.