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Reports on the securitization of heavy equipment leases closed by Gough Finance, a New Zealand finance company. Expectations on the program; Details of the collateral pool; Reason for the delay of due diligence and rating process.

The article reports on the decision of New Zealand to increase the size of its European commercial paper (ECP) programme from one billion to five billion U.S. dollars. The decision was based on the expectation that the issue would be well received by investors in the ECP market. The programme was arranged by Citi, while Barclays Capital, Citi, Deutsche Bank and UBS serve as dealers.

The article reports on the 100 million Swiss francs (Sfr) bond offer of Auckland Council of Auckland, New Zealand (NZ), with a maturity date of February 7, 2024. It informs that Auckland Council is the biggest borrower in NZ outside of the central government and NZ banks. The article also mentions that the deal went to 24 investors in Switzerland and the market appraisal that it is always good to see new names in the market.

This article reports on the launch of a consultation paper by the Reserve Bank of New Zealand proposing the introduction of covered bond legislation in 2010.

Reports on the strong performance of New Zealand (NZ) dollar in the retail currency markets in September 2005. Information on the NZ dollar transaction of the Province of Ontario; Total cost of the inaugural Kiwi trade launched by Nederlandse Waterschapsbank; Impact of the scarcity of New Zealand government paper on swap spreads.

Presents information on international bonds issued by General Electric Capital Corp. in New Zealand dollar denomination in June 2005. Rating of the bond; Maturity; Issue price.

The article reports on the increased issuance of sovereign, supranational and agency (SSA) notes driven by the positive, normalized level of swap spreads and the improving budgetary conditions in New Zealand and Sweden. The national debt office of the Swedish government has reduced its bond issuance plans due to decreased borrowing. The respective bonds issued by KfW and the Internatioal Bank of Reconstruction and Development were driven by investor demands and is selling well in the market.

The article highlights the statement issued by OceanaGold's corporate and investor relations vice president Darren Klinck to deny the New Zealand report on August 4, 2008 that the company's Macraes operation is facing difficulties. The mine in East Otago is the largest gold mine in New Zealand. Klinck clarified the remarks made by John Kinyon, vice president of New Zealand operations, in the paper regarding the delays and some tough times facing the company.

The article presents information on New Zealand dollar-linked bonds issued on November 14, 2005. It includes International Finance Corp. and Eksportfinans ASA.

The article reports on the actions taken by the New Zealand Stock Exchange (NZX) for the establishment of an infrastructure for agricultural derivatives trading. NZX hired Fiona MacKenzie from Morgan Stanley to spearhead the new derivatives venture and improve liquidity of existing equity products. The exchange is also forging ahead with its plan to create a derivatives bourse.

The article presents information on New Zealand dollar-denominated bonds issued by two companies in February 2006. It includes Bank of Nova Scotia and Export Development Canada.

Presents information on the New Zealand dollar denominated bond issued by Inter-American Development Bank in October 2005. Advantages of the swap market in the country; Influence of swap spreads on the price of the deal; Factor that makes the deal attractive to borrowers.

Offers a look at the increased interest in the New Zealand dollar Eurobond market during the week of September 10, 2004. Worth of the seven year issue from Bank Nederlandse Gemeenten; Factor that influence the increased interest in the market; Yield of the Total Capital issuance.

The article reports on developments related to the bond market in New Zealand as of January 24, 2014. Bank Kommunalbanken's launch of a bond issue denominated in New Zealand dollars, details of the four year Kauri bonds and pricing and premium rates of the bond issue. Also highlighted is the demand from Asian central banks for Kauri bond issues.

The article focuses on a Swiss franc covered bond sold by New Zealand bank Kiwibank that managed to draw healthy demand at a price that tightened slightly from guidance. The price of the deal was in line with outstanding covered bonds from other New Zealand issuers in Swiss francs. It is noted that the deal offers investors a healthy option over domestic Pfandbriefe.

The article reports on the increase in Kauri bond issuance in March 2013 to take advantage of investors' demand for high yields. Australia and New Zealand Banking Group or ANZ priced Kauri bonds of Rentenbank at 44 basis points over mid-swaps. Increased interest in Kauri market was caused by expectations of investors on Australian dollars. Kommunalbanken Norway (KBN) also plans to access the Kauri market after selling 150 million New Zealand dollars in April 2012.

The article examines prospects for redemptions from the International Finance Corp. (IFC) and the European Investment Bank (EIB) in the Kauri bond market of New Zealand. According to Paul Snowden of New Zealand Banking Group, these redemptions raise the question of what investors will do with their money. On July 31, 2012, EIB will issue an 899 million New Zealand dollar redemption while IFC will follow on August 23 with a 500 million New Zealand dollar redemption.

The article reports on the Kauri bond issued by the World Bank in February 2012. Australia and New Zealand Banking Group and Detusche Bank served as lead managers in the deal, which received strong orders from domestic banks. The size of the deal has been increased by lead managers to 125 million New Zealand dollars. Information on the price structure of the deal is provided. Meanwhile, a roadshow was set by the Republic of Austria for a potential Swiss franc issue.

The article reports on government bond issuance as of October 19, 2007. German public sector issuer Rentenbank priced a 275 million New Zealand dollars six year deal at a spread of 98.5 basis points (bp) over the April 2013 New Zealand government bond and came 14bp through mid-swaps. Commonwealth Bank of Australia priced a 300 million Canadian dollars 10 year non-call five deal at a spread of 115bp over the 3.75% June 2012 Canadian government bond.

The article focuses on the bond deal issued by the Inter-American Development Bank in New Zealand dollars. The maturity of the deal is on June 22, 2016. The value of the bond transaction is NZ$200 million.

This article presents information on the New Zealand dollar-denominated bond issued by Canadian Imperial in April 2006. Rating of the bond, total amount, issue price, spread and banks managing the deal are listed. Also included are a comment from the bookrunner and market appraisal of the deal.

The article focuses on the New Zealand dollar-denominated bonds issued by Nordic Investment Bank on February 1, 2006. The maturity date of the bond is on February 23, 2009. Bonds were priced at 101.095. UBS is the lead manger for the deal. The strength of the currency affected the decision of larger investors to venture in the market.

The article focuses on the New Zealand dollar-denominated bonds issued by Landwirtschaftliche Rentenbank in January 2006. The maturity date of the bond is on December 27, 2007. Bonds were priced at 101.10. RBC CM is the lead manager for the deal. The bond issues have attracted institutional investors.

The article presents information on bond issues in New Zealand dollars from Rabobank Nederland. The date of maturity of the bonds will be on January 18, 2011. Bond issues were priced at 100.865. European and Asian investors have expressed their institutional and retail interest in New Zealand dollar deals.

Presents information on New Zealand dollar bonds issued by General Electric Capital Corp. in the European bond market. Purpose of the bonds; Details of its market appraisal.

Provides information on a bond issue involving Landwirtschaftliche Rentenbank in New Zealand dollars as of November 2003. Rating; Amount; Lead manager.

Reports on Kiwi Co-operative Dairies Ltd.'s launch of a United States dollar-denominated bond issue on January 22, 1999. Rating; Amount; Maturity date; Issue price; Bookrunners' comment; Market appraisal.

The article reports on plans by the New Zealand subsidiary of Westpac Banking Corp. to issue a covered bond, following a $1 billion issue by Korea's Kookmin Bank. The company has reserved the company names Westpac NZ Covered Bond Ltd. and Westpac NZ Covered Bond Holdings Ltd., hinting at creating a covered bond program in New Zealand. The Reserve Bank of New Zealand have told Westpac that it is comfortable with covered bonds and that it will create a policy for these bonds in the near term.

The article reports on the Swiss franc bond deal launched by the Auckland Council in New Zealand. Auckland Council treasurer Mark Butcher explains that the increasing difficulty in domestic funding encouraged the public authority to consider the Swiss market. It discusses why Auckland Council has decided not to opt for the U.S. dollar and euro markets. The involvement of BNP Paribas in the said bond deal is also mentioned.

The article reports on the short end sterling deals from ANZ New Zealand and Westpac that received positive response among investors as the sterling market remains short of supply. A syndicate banker observes the attractiveness of the sterling for banks looking to print large benchmarks. Sterling deals were also issued by ANZ National International Ltd. and Westpac Banking Corp.

The article reports on the new opportunity offered by the Auckland Council to investors who want to diversify away from European names by launching a new medium-term note (MTN) program in New Zealand. It says that the 2.5 billion U.S. dollar MTN program was launched through HSBC, which makes Auckland the first local authority in the country to have access to foreign currency funding. According to the author, the council has a funding requirement of 754.2 million U.S. dollars.

The article reports that the return of the World Bank to New Zealand's dollar market following a year's absence improved further supply in the sovereign, supranational and agency sector of the Kauri bond market. The World Bank issued a 330 million New Zealand-dollar 5-year deal during the first week of August 2011. It adds that this attracted local investors as well as those from Asia and Europe. Trading was done through commercial and central banks, asset managers and insurance companies.

The article focuses on Moody's Investor Service Inc.'s Weekly Credit Outlook report for credit rating of reinsurance companies. The report analyzes the impact of Australian floods of January 2011 and earthquake in New Zealand in February 2011 on credit rating outlook of insurance firms and states that these disasters have resulted in huge insured losses and fall in credit rating for insurance companies. Also presented is a chart on the impact of disasters on various companies.

The article reports on the sale of a covered bond issued by Australasian financial institution Bank of New Zealand (BNZ) in the euro market in November 2010. The seven year deal offered by the bank costs around one billion euros. It states that the deal helped underscore the increasingly global reach of the covered bond. According to the author, the bank is the first Australasian firm to issue covered bonds in the market.

The article reports on the first Kauri bond over one billion New Zealand dollars created by the World Bank in 2010. The Kauri bond is the largest outstanding New Zealand dollar bond other than government bonds, according to the author. Lead financial officer Andrea Dore highlights the importance of getting the transaction to one billion New Zealand dollars as a landmark for the New Zealand market. A syndicate banker describes the one billion New Zealand dollar bond as more credible and more liquid.

This section offers news briefs related to Asian currency bonds and structure finance. There has been plans by Laos People's Democratic Republic to raise up to $73 million from an asset backed bond. A $1.5 billion government guaranteed dollar bond was priced by the New Zealand subsidiary of Westpac Banking Corp. National Australia Bank sold a £500 million five year bond using the Australian government guarantee.

The article presents an update on the bond markets as of July 2007. KfW has issued a 500 million Canadian dollar 10 year deal. It notes that swap spreads have widened while domestic triple-A and provincial issuer spreads have not moved nearly as much. Rabobank issued a 500 million Swedish krona bond. Also mentioned is the speculation that a move by the Reserve Bank of New Zealand to introduce repo-eligible trades may result in too many issues.

Presents updates on bonds in the financial services industry as of October 28, 2005. Launch of a securitization of residential mortgages by Macquarie Securitization from its Puma Masterfund P-11 trust; Issuance of a securitization of residential mortgages by Liberty Financial in New Zealand; Introduction of white-label non-conforming mortgages by specialist mortgage lender Mobius Financial Services.

Reports on the outcome of a Kiwi dollar global offering of General Electric Capital Corp. in New Zealand in September 2005. Lead managers of the transaction; Factors that contributed to the growth of the Kiwi dollar market; Other investors that participated in the Kiwi trade.

Presents information on the deals made in the financial communities in Australia and New Zealand as of September 2005. Finalization of the acquisition financing of Allco Equity Partners; Number of banks shortlisted to participate in the refinancing of Loy Yang Power Projects; Value of the dual tranche acquisition facility launched by Rank Group Investments.

Reports on the reopening of the 10-year Kiwi sector of the European Investment Bank (EIB) in New Zealand dollars on August 23, 2004 with an offering from Royal Bank of Canada. Basis of the deal; Supply competition in the EIB deal; Doubts of bankers on the effectiveness of the deal.

Presents updates on capital markets in Australia and New Zealand as of December 12, 2003. Price of bonds issued by Lane Cove Tunnel Co.; Result of the launching of National Australia Bank's bond; Value of subordinated bond issued by Westpac Banking Corp.

Presents updates on the Asia Pacific capital markets as of August 18, 2000. Details on the mortgage backed securities offered by Members Equity; Information on the floating rate note launched by Korea Exchange Bank; Value of the bond deal placed by Auckland International Airport in New Zealand.