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

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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.

Suggested Citation

  • Geordie Reid, 2014. "Can’t see the wood for the trees – shedding light on Kauri bonds," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 77, pages 26-33, June.
    • Handle: RePEc:nzb:nzbbul:jun2014:06
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    File URL: http://www.rbnz.govt.nz/-/media/ReserveBank/Files/Publications/Bulletins/2014/2014jun77-2reid.pdf
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    References listed on IDEAS

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    1. repec:nzb:nzbbul:mar2013:05 is not listed on IDEAS
    2. David Drage & Anella Munro & Cath Sleeman, 2005. "An update on Eurokiwi and Uridashi bonds," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 68, September.
    3. Kevin Hoskin & Ian Nield & Jeremy Richardson, 2009. "The Reserve Bank's new liquidity policy for banks," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 72, pages 5-18, December.
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    Cited by:

    1. Lauren Rosborough & Geordie Reid & Chris Hunt, 2015. "A primer on New Zealand's capital markets," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 78, pages 3-22, May.

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