Wholesale demand makes domestic long-tenor option work for Transpower
- Thursday, 14 March 2013
A supportive local wholesale investor base made the New Zealand dollar option the most attractive source of long-tenor funds for Transpower at the time of its recent 10- and 15-year issue, the borrower says. New Zealand's corporate market has now seen three transactions in 2013 and there is cautious optimism that a solid year of issuance could develop.
