NZX debt market value jumps 41% after LGFA lists all its local government bonds

Sun, 15 Nov 2015

By Jonathan Underhill Nov. 16 (BusinessDesk) - The value of debt securities traded on the NZX debt market has jumped by 41 percent after the Local Government Funding Agency listed all of its $5.56 billion of bonds. The listing of the bonds, which range in maturity from 2017 to 2027, swells the market capitalisation of the NZDX market to about $19.1 billion from $13.5 billion. The LGFA bonds are currently held by domestic and international institutional investors, banks and some retail investors. “Listing on the NZDX will further extend...

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