Friday, 21 September 2007

Still in demand

Offshore investors love us… Do you want proof?

Here it is -Offshore holdings of NZ govt debt rose in Aug.

The proportion of non-resident holdings of New Zealand government securities rose to 67.6 percent at the end of August, from 63.4 % a month earlier, the Reserve Bank of New Zealand said. Offshore holdings of bonds increased to 73% from 69.8% while offshore holdings of Treasury bills rose 12.6% from 8%.

And here's another:

EBRD to sell NZ$522 mln Uridashi bond

The European Bank for Reconstruction and Development [DBRD.UL] will sell a NZ$522 million ($369.9 million) Uridashi bond, Daiwa Securities said
The bonds, to be issued on Oct. 3, will carry a 6.85% coupon. The sales period runs from Sept. 21 to Sept. 26, with a maturity date of Sept. 24, 2009. The EBRD is rated triple A by Moody's Investors Service, Standard & Poor's and Fitch.

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