Housing New Zealand (Housing NZ) returned to the New Zealand debt capital market for the first time since 1999 with a NZ$500 million (US$351.2 million) dual-tranche transaction on 1 June. Deal sources suggest the addition of another high-grade issuer in the New Zealand dollar market is a boon for market development, particularly due to the nature of the institution and its intent to be a repeat issuer.
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