Free Trial

Looking At Potential Flows Surrounding NZGB Syndication

NZD

The allotment details of the NZGB May-54 syndication were published earlier on Thursday.

  • Takedown was dominated by offshore participants, as expected. Participants outside of New Zealand received 75% of the NZD4bn issued.
  • This could drive relatively heavy FX flows (~NZD3bn required to fulfil offshore syndication allotment) ahead of the settlement of that syndication (28 Feb ’24), with related FX impact set to be driven by the proportion of unhedged NZD purchases.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.