Bank funding
RBNZ Governor Adrian Orr doesn't believe he'll get less bang for his buck cutting interest rates, the lower they go; Bank economists beg to differ
9th May 19, 7:58am
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RBNZ Governor Adrian Orr doesn't believe he'll get less bang for his buck cutting interest rates, the lower they go; Bank economists beg to differ
ANZ NZ prices five-year covered bond issue at 33 basis points over euro swap rate
4th Feb 19, 2:56pm
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ANZ NZ prices five-year covered bond issue at 33 basis points over euro swap rate
Another bank raises its key term deposit rates, even in the face of sharply falling wholesale swap rates. A finance company raised a key rate too
1st Feb 19, 8:54am
Another bank raises its key term deposit rates, even in the face of sharply falling wholesale swap rates. A finance company raised a key rate too
Despite mortgage rates trending lower, recent moves on term deposit rates by two major banks suggest a rising trend
29th Jan 19, 4:38pm
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Despite mortgage rates trending lower, recent moves on term deposit rates by two major banks suggest a rising trend
A market leading offer by Kiwibank comes at a time all banks, especially the large ones, are under pressure to raise vast amounts of new capital over the next few years
14th Jan 19, 11:13am
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A market leading offer by Kiwibank comes at a time all banks, especially the large ones, are under pressure to raise vast amounts of new capital over the next few years
KPMG's annual FIPS for the non-banking sector reports that a number of participants in its survey have noted 'quite an impact' from the new lay-buy schemes; questions over non-regulation of such schemes
17th Dec 18, 6:00pm
KPMG's annual FIPS for the non-banking sector reports that a number of participants in its survey have noted 'quite an impact' from the new lay-buy schemes; questions over non-regulation of such schemes
BNZ to pay out over 10,000 customers an average of $375 each as a result of documentation errors following changes to the Credit Contracts and Consumer Finance Act (CCCFA)
5th Dec 18, 10:28am
BNZ to pay out over 10,000 customers an average of $375 each as a result of documentation errors following changes to the Credit Contracts and Consumer Finance Act (CCCFA)
BNZ borrows $550 million at 3.648% via five-year bond issue as Chorus seeks at least $300 million in its own bond issue
15th Nov 18, 9:31am
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BNZ borrows $550 million at 3.648% via five-year bond issue as Chorus seeks at least $300 million in its own bond issue
With wholesale interest rates turning higher, Kiwibank tests the waters with a new 'special' one year term deposit rate offer that is +15 to +25 bps higher than its rivals
12th Nov 18, 6:02am
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With wholesale interest rates turning higher, Kiwibank tests the waters with a new 'special' one year term deposit rate offer that is +15 to +25 bps higher than its rivals
ASB trims a range of term deposit rates, in most cases matching their main rivals, focusing on terms of 18 months and longer
7th Sep 18, 11:15am
ASB trims a range of term deposit rates, in most cases matching their main rivals, focusing on terms of 18 months and longer
ASB to pay investors 3.31% per annum for $450 million five-year bond issue
ANZ follows some of its main rivals lower with -10 to -20 bps cuts to seven specific terms, and a +5 bps rise for one term
1st Sep 18, 9:32am
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ANZ follows some of its main rivals lower with -10 to -20 bps cuts to seven specific terms, and a +5 bps rise for one term
Some banks are trimming term deposit rates, others offering attractive 'specials'. But the immediate trend is for lower rate offers, hurt by diving wholesale swap rates
31st Aug 18, 10:28am
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Some banks are trimming term deposit rates, others offering attractive 'specials'. But the immediate trend is for lower rate offers, hurt by diving wholesale swap rates
BNZ and SBS Bank trim some rates for terms one year and longer. Kiwibank raises its 200 day 'special offer' rate. These changes come as wholesale interest rates shift sharply lower
14th Aug 18, 12:42pm
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BNZ and SBS Bank trim some rates for terms one year and longer. Kiwibank raises its 200 day 'special offer' rate. These changes come as wholesale interest rates shift sharply lower
Rate cuts by ANZ reduce its one year rate to main-bank level low, but the reduction is masked by an eight month 'special' promoting Daffodil Day
31st Jul 18, 5:53pm
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Rate cuts by ANZ reduce its one year rate to main-bank level low, but the reduction is masked by an eight month 'special' promoting Daffodil Day
UBS economists suggest higher funding costs may be a new structural market feature for the Australian parents of New Zealand's big four banks
31st Jul 18, 4:16pm
UBS economists suggest higher funding costs may be a new structural market feature for the Australian parents of New Zealand's big four banks
Rate cuts at Kiwibank bring their term deposit offers to similar levels as their major rivals. Range between banks remains very narrow
30th Jul 18, 11:29am
Rate cuts at Kiwibank bring their term deposit offers to similar levels as their major rivals. Range between banks remains very narrow
The combination of boomer demographics and a weakening economy is depressing term deposit rates. Thus David Chaston says the prospect is for lower rates in the future
30th Jun 18, 9:17am
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The combination of boomer demographics and a weakening economy is depressing term deposit rates. Thus David Chaston says the prospect is for lower rates in the future
ANZ NZ five-year bonds to pay investors 3.70% per annum
Westpac New Zealand five-year bond issue drags in $550 million
22nd Mar 18, 4:41pm
Westpac New Zealand five-year bond issue drags in $550 million
Westpac NZ five-year bond pricing doesn't look too attractive for retail investors
19th Mar 18, 11:49am
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Westpac NZ five-year bond pricing doesn't look too attractive for retail investors
ASB's parent Commonwealth Bank of Australia loses opportunity for 'certain tax deductions' in New Zealand from its PERLS capital notes issues
9th Mar 18, 3:55pm
ASB's parent Commonwealth Bank of Australia loses opportunity for 'certain tax deductions' in New Zealand from its PERLS capital notes issues
New Zealand's biggest bank to redeem $835m bond issue that used to pay investors 9.66% per annum
13th Feb 18, 1:56pm
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New Zealand's biggest bank to redeem $835m bond issue that used to pay investors 9.66% per annum
ASB borrows €500 mln through a covered bond issue that secures 'the lowest price achieved for a New Zealand issuer in a seven-year covered bond'
24th Oct 17, 2:09pm
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ASB borrows €500 mln through a covered bond issue that secures 'the lowest price achieved for a New Zealand issuer in a seven-year covered bond'
TSB's updating its brand for the first time in over 25 years and will be rolling out the new logos over the next year - and losing the 'bank' in its title
3rd Oct 17, 8:37am
TSB's updating its brand for the first time in over 25 years and will be rolling out the new logos over the next year - and losing the 'bank' in its title