Despite cheaper funding costs and reduced expenses, the average bank net interest margin fell in the December quarter, KPMG says

ANZ resets interest rate on NZ$835 mln bond issue at 5.28% for 5-years, well down on 9.66% they've paid since 2008

Kiwibank raises about NZ$188 mln through inaugural covered bond issue in Switzerland secured by NZ residential mortgages

Retail investor demand helps BNZ raise NZ$350 mln in oversubscribed bond issue offering both fixed and floating interest rates

Margin to be between 1.23% and 1.28% over the 5-year swap rate and 90-day Bank Bill Rate respectively

Fresh BNZ bond offer brews, offering both fixed and floating interest rates, after perpetual share issued was called last month; Tier 2 issue for ASB?

 New Zealanders deposited NZ$29 bln more in the major banks than they borrowed from them over the last three years

ASB raises NZ$400 mln through unsecured five-year bond paying 4.476% per annum

ANZ cuts TD rates and is now lowest in the market, following wholesale rates down

BNZ raises almost NZ$400m in yen denominated bond issue to Japanese investors as it continues funding diversification & says it has opened 'new funding source for NZ's growth'