New Zealand corporates are taking advantage of the Australian Medium-Term note (AMTN) market, with borrowers in recent months seeing significant demand from a broad range of investors across the Asia Pacific region. While NZ treasurers have ready access to a resilient local retail bond market, issuance on the domestic front is often restricted in terms of volumes and tenors. Historically, this has seen issuers turn to either the US Private Placement (USPP) market or use a European Medium-Term Note program to source longer-dated debt. A more recent shift, however, has seen corporates – including NZ telco Chorus, ... (full story)