Kiwi Fund Considers Credit Move

  • 17 Sep 2001
Email a colleague
Request a PDF

BNZ Investment Management, the fund management arm of the Bank of New Zealand, with NZD120 million (USD52 million) under management, is considering its first use of credit derivatives. Stephen Hong, manager of portfolio research and fixed income in Wellington, said he is considering the product for New Zealand names as a way to diversify the fund manager's domestic portfolio and enhance return.

Hong continued that once the bank agrees on suitable documentation it will decide which credit products to use, declining to elaborate. No timeframe has been decided. He continued that the fund uses Kiwi-denominated interest-rate swaps for hedging purposes. Regular counterparties include ANZ, Westpac, Deutsche Bank and Credit Suisse First Boston. Spokesman at the firm's did not return calls.

  • 17 Sep 2001

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 330,700.22 1283 8.07%
2 JPMorgan 323,941.31 1398 7.91%
3 Bank of America Merrill Lynch 298,038.11 1018 7.27%
4 Barclays 250,341.26 930 6.11%
5 Goldman Sachs 220,211.32 736 5.37%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 46,112.22 182 6.98%
2 JPMorgan 44,545.29 93 6.74%
3 UniCredit 35,639.50 153 5.39%
4 Credit Agricole CIB 33,211.72 160 5.03%
5 SG Corporate & Investment Banking 32,419.80 126 4.91%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,792.73 61 8.93%
2 Goldman Sachs 13,469.15 66 8.72%
3 Citi 9,908.67 56 6.42%
4 Morgan Stanley 8,471.86 53 5.49%
5 UBS 8,248.12 34 5.34%