Kauri growth sustainability likely rests on international bid

Kauri market intermediaries believe the size and quantity of recent New Zealand dollar transactions from supranational, sovereign and agency (SSA) borrowers is helping to increase visibility of – and interest in – the market for both potential issuers and investors. While the bulk of Kauri buyers, especially internationally, are likely to continue their preference for frequent-borrower names, there may also be opportunities for new and returning SSAs.