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 238,370.95 916 8.14%
2 JPMorgan 221,587.27 991 7.57%
3 Bank of America Merrill Lynch 214,543.42 717 7.33%
4 Barclays 184,024.85 666 6.29%
5 HSBC 157,697.44 732 5.39%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 32,467.80 60 6.57%
2 BNP Paribas 32,284.10 130 6.53%
3 UniCredit 26,992.47 123 5.46%
4 SG Corporate & Investment Banking 26,569.73 97 5.37%
5 Credit Agricole CIB 23,807.36 111 4.81%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 10,167.68 46 8.82%
2 JPMorgan 9,894.90 42 8.58%
3 Citi 8,202.25 45 7.11%
4 UBS 6,098.17 23 5.29%
5 Credit Suisse 5,236.02 28 4.54%