(24 March 2010 – New Zealand) ANZ has successfully arranged the first ever bond issue for a New Zealand corporate in the Hong Kong dollar bond market.The ten-year, NZ$73.1 million (A$56.34 million) deal for state owned Transpower is one of the largest bond issues by a non-Hong Kong based corporate in the Hong Kong dollar bond market in 2010. ANZ was the sole lead manager.
The transaction was a direct result of ANZ’s ‘Kiwi Day’ roadshow in Singapore and Hong
Kong in October last year, aimed at broadening the access that New Zealand companies have to funding in this region.
ANZ’s Institutional managing director, David Green, said that the opportunities in Asia are immense, both as a source of capital to fund growth and as a growing export market for New Zealand products.
The efficient delivery of the bond issue, at competitive pricing, reinforces the capabilities which ANZ has developed in Asia, and can offer to New Zealand customers, under its super regional strategy, Mr Green added.
The Hong Kong bond market forms an important part of ANZ’s Asian Capital market strategy and underscores ANZ’s commitment to building the leading Pan-Asia Pacific banking platform, Mr Green highlighted.