NZX bond trading hits record in June

NZX bond trading hits record in June
The NZ debt market got hotter over winter. (Image: NZME)
Dan Brunskill
June was a record month for debt market trades on the stock exchange as investors sought safer assets and higher yields. There were 5,322 trades on the New Zealand Debt Market (NZdx) in June – the most ever recorded – worth $228 million, the highest dollar value since 2008. NZX’s general manager of capital markets origination, Sarah Minhinnick, said there have already been 15 debt listings in 2022, adding $3.4 billion to the market. These listings have an average yield of more than 5%, compared to 1.75% in June...

More Markets

Cannasouth heading for liquidation, receiver says
Primary Sector

Cannasouth heading for liquidation, receiver says

General security agreement holders are owed over $2.53m.

Forsyth Barr says Mercury Capital eyeing up 25-30% stake
Markets

Forsyth Barr says Mercury Capital eyeing up 25-30% stake

The offer is subject to shareholder approval and other condition.

Spark says new directors in running for chair
Markets

Spark says new directors in running for chair

Spark is refreshing its board and has put chair Justine Smyth's succession in motion.

Coal fight: Talley's vs Bathurst Resources
Markets Part One

Coal fight: Talley's vs Bathurst Resources

Why is food group Talley's trying to sue coal miner Bathurst Resources?