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A reminder that the NZ$3.5bn syndication of NZGB 15 May '26 settles tomorrow, so we may see some residual flows into NZD from real money on that front. Here is a recap of the domicile takedown breakdown seen at the syndication (this was flagged last week):
|Region||Takedown (%)||Takedown (NZ$bn)|
Source: MNI - Market News/NZDMO
Note that the NZDMO only provides regional takedown in full ppts, meaning there is a slight rounding area in the totals.