As a chorus of voices urges the Government to drop its self-imposed debt limit, Thomas Coughlan discovers that the ratings agencies would be relaxed about higher debt.
Auckland Council will open a $200 million green bond offer next week, which it says will be used to buy more electric trains and equipment and refinance existing debt from electric trains.
Genesis Energy is considering a capital bond offer of up to $240 million which would replace $200 million of hybrid notes ahead of an interest rate reset on the securities in July.
Meridian Energy is offering up to $200 million in seven-year unsecured, unsubordinated fixed rate bonds to institutional and New Zealand retail investors.
Housing New Zealand, which provides housing for New Zealanders in need, is expected to sell up to $1 billion of bonds this week, the first step in plans to borrow up to $2.9 billion in its own name to finance the government's public housing strategy.
Bernard Hickey argues Labour should respond to Auckland's man-made infrastructure disaster the same way National responded to Christchurch's natural disaster: by using its strong balance sheet to borrow and build.
For the convenience of subscribers, here's my weekend column about how long term bond yields have risen sharply since Donald Trump's election, which is pushing up mortgage rates and the Government's borrowing costs just as it may have to start borrowing again and just as housing markets are cooling.