Green bonds now a big slice of NZX debt market

Social housing provider Kainga Ora, registered as Housing NZ, has $7.6 billion of debt in sustainable bonds. (Image: Michael Craig)

Greg Hurrell

Tue, 05 Mar 2024

Nearly a third of all debt on the NZX debt market is in green or sustainable bonds, a nominal increase of 40% in two years, the New Zealand stock exchange says.In 2021, green and sustainable bonds comprised 21% of all issued debt on the NZX debt market (NZDX). In its Dec 31 2023 annual report, the NZ stock exchange (NZX) reported that it had risen to 29.4%.The NZX's general manager of capital markets origination, Sarah Minhinnick, said a number of reasons were driving that growth.“On the issuer side, I think first and foremost, i...

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