RESEND: Housing NZ dusts off bond-sale mechanism that will keep $2.9B of housing debt out of obegal

Tue, 29 May 2018

(Adds dropped year, 2019, in second paragraph and changes 'implicit' to 'explicit' government guarantee) By Jonathan Underhill May 29 (BusinessDesk) - 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. ANZ Bank New Zealand and Westpac Banking Corp are leading the sale - a syndication of 5- and/or 7-year NZ dollar bonds. It aims to sell $1...

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