Kāinga Ora – Homes and Communities will no longer access funding in its own name, with the agency instead to be funded directly through the New Zealand government. Local market participants say the move is understandable though the loss of a programmatic agency borrower – with a leadership position in the sustainable finance space – will be a blow.
The Australia Day midweek public holiday combined with Lunar New Year ground Australasian primary market activity to a halt in the week ending 27 January. No new deals printed, but China Construction Bank of New Zealand and ANZ Bank New Zealand announced potential deals.