Further to today’s announcement from Minister of Finance Hon Grant Robertson and Minister for Climate Change Hon James Shaw, New Zealand Debt Management (NZDM) is progressing work to support the first Sovereign Green Bond issuance for New Zealand.
Details of the Green Bonds, which will form part of the overall New Zealand Government Bond programme, will be announced mid-2022 and the first issuance is expected late in 2022, via syndication. The programme will help ensure high quality Government projects with robust environmental outcomes are financed, delivered, monitored and reported on.
Design of the Green Bond programme will be informed by international best practice and NZDM will engage with market participants to seek their insight on details of the programme. NZDM intends to appoint two of its approved Registered Tender Counterparties as structuring advisors to the programme and a request for proposal will be issued soon.
Alongside Nominal Bonds and Inflation-Indexed Bonds, Green Bonds are expected to be an important and enduring part of the New Zealand Government Bond portfolio.
Further information on the Green Bond Programme is available at the New Zealand Debt Management website.
Andrew Hagan | Executive Director, Capital Markets
Tel: +64 4 917 6937
Kim Martin | Head of Funding Strategy and Engagement
Tel: +64 4 890 7274