Can’t see the wood for the trees – shedding light on Kauri bonds

Geordie Reid
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Geordie Reid: Reserve Bank of New Zealand, http://www.rbnz.govt.nz

Reserve Bank of New Zealand Bulletin, 2014, vol. 77, No 2, 26-33

Abstract: This article provides an update on the Kauri bond market. It identifies the major participants in the Kauri market, describes the factors which drive the supply of and demand for Kauri bonds, and looks at reasons for the strong Kauri issuance during 2013. Factors supporting increased issuance during 2013 included recovering global risk appetite, investors’ search for yield amidst low global interest rates, and favourable pricing conditions.

Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:nzb:nzbbul:jun2014:06

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