New Zealand
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Strong demand allows grid operator to tighten price and land inside fair value
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Canadian banks are expected to be one of the largest issuer groups in the asset class as they diversify across currencies
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Kiwi sub-sovereign sacrifices size to price tight
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Deal brings this year’s Kangaroo issuance to over A$25bn
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Strong issuers get better than expected traction, sparking opportunistic deals
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The government plans to issue NZ$20bn more bonds than planned through to 2027
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The Austrian bank’s deal drew on high quality French and UK accounts, as two other banks saw good demand for their deals
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Wind-down of central bank Covid schemes prompts bank issuers to revisit old friends
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The government will tap the new line via tenders after February next year to bring more liquidity
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The EU and sovereign issuers will keep SSA investors busy with year-end deals
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Offshore HQLA Level 1 deal proves popular with bank treasuries
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If Canada can overcome climate hurdles, then why not Oz?
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Deal hailed as showing leadership for Asia Pacific
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Kiwi sub-sovereign to meet with investors ahead of green bond sale
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Investment grade broadband infrastructure firm looking to buy back old debt with new
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Matthew Collin to leave NZDM after 15 years in its treasury team
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Sovereign still on course for green bond debut by end of 2022 as two European sovereigns line up deals
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French bank hires in Australia and Greater China as part of plan to grow its business further in the region
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The appointments reflect the bank’s growth plans for its institutional business in the region
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New position created as sovereign plans first green bond
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Australia, New Zealand and Singapore to look at covered bonds to finance life after central bank funding
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ANZ New Zealand is preparing to issue a tier two bond, marking its first foray into the format.
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Covered bonds issued this week by SCBC and Bank of New Zealand were thinly oversubscribed and illustrated that investors are still sensitive to price, albeit that demand was good for a small green debut from Eika Boligkreditt and a tap from Oma Savings Bank.
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Bank of New Zealand (BNZ) priced an €850m seven year covered bond on Tuesday in line with the bid side of Westpac New Zealand’s deal in the same size and tenor issued last week. Although the order book was thinly subscribed, lead managers deemed the quality of orders high.
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Eika Boligkreditt has mandated joint leads for a 10 year and its first green covered bond under its newly established green framework. At the same time, Bank of New Zealand plans a seven year benchmark and Finland's Oma Savings Bank intends to tap its outstanding six year deal.
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Westpac New Zealand attracted a high quality order book for a covered bond issue on Wednesday but it was slow to build and thinly subscribed, leading some to conclude that the market lacked confidence.
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New Zealand has announced its new government bond programme will feature a 30 year syndication, extending its curve from 2041 to 2051.
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Tuesday's €750m 10 year covered bond from ASB Finance demonstrated commitment to the market according to the bank's Treasurer, Chandu Bhindi, who spoke to GlobalCapital about the deal on Thursday.
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Commonwealth Bank of Australia's New Zealand subsidiary ASB Finance issued its largest covered bond on Tuesday, the first 10 year from New Zealand and the first covered bond from the country since January 2019. The focus for this week’s transaction was all about re-engaging with investors, said ASB Bank treasurer, Chandu Bhindi.
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Commonwealth Bank of Australia's New Zealand subsidiary ASB Finance issued its largest covered bond on Tuesday, the first 10 year from New Zealand and the first covered bond from the country since January 2019.
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Commonwealth Bank of Australia’s New Zealand subsidiary, ASB Finance, has mandated leads for the first Kiwi covered bond since January 2019. At the same time, Berlin Hyp has appointed lead managers for a 12 year mortgage Pfandbrief.
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New Zealand will be an important test case for mandatory reporting on climate risks. Financial firms everywhere would be wise to sit up and take notice.
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Grid operator Transpower New Zealand returned to the Swissie market this week, landing through its outstanding curve while offering a small premium over Swissgrid.
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The New Zealand Treasury reduced its 2020/21 funding programme by NZ$10bn ($6.75bn) to NZ$50bn on Wednesday as its economy shows signs of a quicker recovery than seemed likely after the coronavirus lockdown earlier this year.
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The World Bank raised NZ$550m ($369.9m) with a rare seven-year New Zealand dollar bond, breaking the record for the largest Kauri bond at that maturity or longer.
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Australia and New Zealand broke bond syndication records yet again this week, as Australia printed its largest ever deal while New Zealand scooped its largest ever order book with a seven year tap.
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New Zealand began marketing a tap of its outstanding April 2027 bond on Monday as sovereigns get moving for a busy period of syndications. Finland could follow up with the first post-summer pubic sovereign bond in a core currency later this week.
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Australia announced a bumper funding programme for 2020-21 on Thursday, almost double its previous effort. Two days earlier, the sovereign surprised the market with a long end deal that attracted a substantial amount of offshore interest.
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Australia surprised the market on Tuesday with a bumper long end deal that attracted a substantial amount of offshore interest. The deal comes just as New Zealand sets a date for its for its next syndicated deal.
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While bankers in the Northern hemisphere plan well-deserved summer breaks, the Australian and New Zealand dollar markets are set to remain open for business, with some competitive pricing on offer.
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Demand for Australia and New Zealand’s first syndications of their 2020-21 fiscal year was high on Tuesday, with both issuers printing their second largest ever deals.
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Australia and New Zealand launched their first syndications of their 2020-21 fiscal years on Monday.
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The New Zealand treasury has appointed the banks to lead the syndication of a May 2041 nominal bond, which is expected to take place next week.
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The Nordic Investment Bank dropped into a busy Kauri market that has so far seen NZ$1.3bn ($835.8m) of SSA deals this month.
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The New Zealand Debt Management Office has announced the tenors for the first syndications of its 2020-21 fiscal year, following on from last week’s record-breaking deal.