New Zealand’s green-bond market is still in its infancy, but green issuance could be a natural fit for some of the biggest sectors of the economy. While market participants work to facilitate labelled issuance, domestic investors say they are already well advanced in factoring environmental, social and governance (ESG) criteria into their portfolios.

Export Finance and Insurance Corporation (Efic) (AAA/S&P) launched a new, minimum A$100 million (US$77.5 million) 10.5-year syndicated deal on 12 April, via UBS. The forthcoming deal, expected to price on the day of launch, has indicative price guidance of 45 basis points area over the 10-year futures contract.

Profiles of all the capital-markets-relevant issuers in the Australian and New Zealand government sectors, including issuer-specific interviews with the most active borrowers and data from the two sovereign debt markets.

The final part of KangaNews’s exclusive Australasian government-sector issuers roundtable covers the specifics of funding plans – including the outlook for foreign-currency, floating-rate, and green and social securities.

In January 2018, KangaNews invited representatives of Australia’s biggest government-sector funders to a roundtable discussion in Sydney. In the first part of the discussion, the issuers shared insights into the global funding environment, global investor demand and their own ambitions with respect to curve duration.

Profiles of all the key government-sector issuers in Australia and New Zealand, including credit, outstanding debt and issuance strategy data.

Exclusive insights from the AOFM, NZDMO, Efic and NZLGFA.

Global events of  2016 have, among many other consequences, served to make Australia’s political environment look relatively stable by comparison. Australia may have developed a habit of changing prime ministers on a more regular basis than is strictly desirable – five times in less than a decade, only twice as the result of  elections – but political risk has never been high on investors’ checklists when it comes to Australia.

In January 2017, KangaNews asked Australia and New Zealand’s most significant government-sector borrowers to share their views on funding strategy, liquidity conditions, issuance avenues and demand profile. The sovereign, agency and semi-government issuers explain how their strategies attempt to deliver consistency even as they adapt to both market realities and the ever-changing nature of their funding tasks.