Nominal value ($NZmillion) | ||||||
Loan Prefix | Maturity Date | May 2014 | Jun 2014 | Jul 2014 | Aug 2014 | Sep 2014 |
0415 | Apr 2015 | 3,645.8 | 3,540.5 | 3,366.2 | 3,282.3 | 3,051.1 |
0216 | Feb 2016 | 316.3 | 289.9 | 300.1 | 290.4 | 274.2 |
1217 | Dec 2017 | 8,568.4 | 8,211.1 | 8,439.4 | 8,186.1 | 7,959.6 |
0319 | Mar 2019 | 8,608.6 | 8,787.6 | 8,913.4 | 9,731.7 | 8,823.3 |
0420 | Apr 2020 | 2,911.7 | 3,299.5 | 3,487.6 | 3,523.4 | 3,640.1 |
0521 | May 2021 | 8,659.4 | 8,727.7 | 8,844.0 | 9,008.8 | 9,295.0 |
0423 | Apr 2023 | 5,078.6 | 4,923.8 | 5,219.5 | 5,881.1 | 5,656.1 |
0925 | Sep 2025 | 3,094.4 | 3,069.7 | 3,170.1 | 3,157.3 | 3,186.4 |
0427 | Apr 2027 | - | - | 732.5 | 819.0 | 896.5 |
0930 | Sep 2030 | 1,779.7 | 1,750.6 | 1,930.8 | 2,050.0 | 2,069.8 |
Total | 42,663.0 | 42,600.3 | 44,403.6 | 45,930.1 | 44,852.1 | |
Nominal value as a percentage of the total value of the loans | ||||||
Loan Prefix | Maturity Date | May 2014 | Jun 2014 | Jul 2014 | Aug 2014 | Sep 2014 |
0415 | Apr 2015 | 39.2 | 38.0 | 38.9 | 37.9 | 39.8 |
0216 | Feb 2016 | 22.6 | 20.8 | 21.5 | 20.8 | 19.6 |
1217 | Dec 2017 | 71.3 | 68.4 | 70.5 | 68.4 | 66.5 |
0319 | Mar 2019 | 72.9 | 74.4 | 75.5 | 82.4 | 74.7 |
0420 | Apr 2020 | 55.6 | 59.6 | 60.8 | 59.3 | 61.3 |
0521 | May 2021 | 72.5 | 73.1 | 74.0 | 75.4 | 77.8 |
0423 | Apr 2023 | 54.9 | 53.3 | 56.5 | 63.6 | 61.2 |
0925 | Sep 2025 | 56.3 | 55.8 | 57.6 | 57.4 | 57.9 |
0427 | Apr 2027 | - | - | 33.3 | 37.2 | 37.4 |
0930 | Sep 2030 | 49.4 | 48.6 | 50.8 | 51.2 | 49.3 |
Total | 60.9 | 60.5 | 61.4 | 63.2 | 62.2 | |
Nominal value as a percentage of net amount in market | ||||||
Loan Prefix | Maturity Date | May 2014 | Jun 2014 | Jul 2014 | Aug 2014 | Sep 2014 |
0415 | Apr 2015 | 42.1 | 40.9 | 41.2 | 40.2 | 42.6 |
0216 | Feb 2016 | 27.0 | 24.8 | 25.6 | 24.8 | 23.4 |
1217 | Dec 2017 | 75.7 | 72.6 | 74.6 | 72.4 | 70.4 |
0319 | Mar 2019 | 75.2 | 76.7 | 77.8 | 85.0 | 77.0 |
0420 | Apr 2020 | 58.9 | 63.0 | 64.1 | 62.5 | 64.5 |
0521 | May 2021 | 78.3 | 78.9 | 80.0 | 81.5 | 84.0 |
0423 | Apr 2023 | 56.8 | 55.0 | 58.4 | 65.7 | 63.2 |
0925 | Sep 2025 | 59.5 | 59.0 | 61.0 | 60.7 | 61.3 |
0427 | Apr 2027 | - | - | 36.6 | 40.9 | 40.8 |
0930 | Sep 2030 | 53.9 | 53.0 | 55.2 | 55.4 | 53.1 |
Total | 64.6 | 64.2 | 65.1 | 66.9 | 65.9 | |
Last updated 14 October 2014 |
The Data: Coverage, Periodicity, and Timeliness |
|
Coverage characteristics |
Data is in millions of New Zealand dollars as at the close of business on the last banking day of the month. The main focus is on an estimate of wholesale New Zealand Government securities held on behalf of non-residents. All debt securities issued in New Zealand are covered by the survey. Government debt securities include:
Private sector securities included are:
The survey seeks to identify the nominal amount of New Zealand debt securities held on behalf of non-residents. With respect to NZ Government securities, since March 1994 this has had any securities held under reverse repurchase agreements (repos). From July 2005, the survey methodology has been revised, including a more comprehensive coverage of debt securities, reverse repurchase agreements and repurchase agreements (repos) and improved validation of data – now against holdings in the New Zealand Central Securities Depository Limited (NZCSD) and also data held by the relevant Registrar (e.g. Computershare). This survey covers local nominee companies, selected banks (those involved in repo transactions with non-residents) and registries, to identify the nominal amount of New Zealand debt securities held on behalf of non-residents. The value of non-resident holdings of New Zealand Government securities is calculated by taking securities held outright by non-residents (N), adding those securities bought by a New Zealand institution from a non-resident under a repurchase agreement (a “reverse repurchase” or V) and subtracting securities sold by a New Zealand institution to a non-resident under a repurchase agreement (R). Algebraically: Net holdings = N + V – R Future enhancements to this survey are planned which aim to provide a more comprehensive representation of ownership including resident ownership by sector, with nominal and repo ownership separately identified to give more clarity to the current net position. Statistics generated from the survey include the total Government securities held for non-residents, as a share of these securities in the hands of the market (Table D20), followed by a breakdown by Government bonds (Table D21) and by Treasury Bills (Table D22) as a share of these securities in the hands of the market (this excludes bonds and bills held by the Earthquake Commission and RBNZ). More detailed analysis is available, including holdings by the ten most active countries of domicile of non-residents (Table D23) – note the holdings of a particular country can be negative once outright holdings have been netted with repurchases; a breakdown by loan prefix for Government bonds(Table D24) and by maturity for Treasury bills (Table D25). The non-residents holdings of other government securities (Table D26) covers State-owned enterprise, Local Authority and other government securities. Securities issued by private sector New Zealand organisations – corporate bonds, commercial paper and RCDs are available in Table D27. |
Periodicity |
Monthly. |
Timeliness |
Released on or around the 15th day of the month following the reference month. |
Access by the public |
|
Statistics release calendar |
The Statistics Release Calendar is updated and on the last working day of the month. This is a long-term plan of scheduled releases. |
Integrity |
|
Dissemination of terms and conditions under which official statistics are produced, including confidentiality of individual responses |
Data are collected under Section 36 of The Reserve Bank of New Zealand Act 1989 (The Act). The Reserve bank of New Zealand publishes only aggregated data. Individual institutional data remain confidential subject to the Bank’s legal obligations. |
Provision of information about revisions and advance notice of major changes in methodology |
Structural break: (a) Reverse repurchase agreement transactions have been included in the survey since March 1994. (b) Reserve Bank of New Zealand reverse repo transactions executed in its open Market Operations (OMO) are included from April 2002. At the same time the range of institutions captured in the “registered direct” category was widened from April 2002. This had some compositional impacts on estimates of holdings by “Country of residence”. (c) From July 2005, the survey methodology has been revised, including a more comprehensive coverage of debt securities, reverse repurchase agreements and repurchase agreements (repos) and improved validation of data – now against holdings in the New Zealand Central Securities Depository Limited (NZCSD) and also data held by the relevant Registrar (e.g. Computershare). Provisional data are italicised. Data are deemed provisional when a series is under review. New data are in bold font in the latest release. Revisions are generally published when tables are updated and released and are marked in bold. Should revisions need to be made more promptly, a note is posted on the website. |
Quality |
|
Dissemination of documentation on methodology and sources used in preparing statistics |
Respondents complete a record-by-record “flat file” each month, reporting either in aggregate by security, or by holding, for each security, the country of domicile of the holding, the face value of the holding and whether the security was held outright (“N”), bought from a non-resident under a repurchase agreement (a “reverse repurchase” or “V”) or sold to a non-resident under a repurchase agreements (“R”).
Surveys that involve collecting survey data on transactions in government securities are complicated by the difficulty of identifying transaction types and related issues surrounding ownership. This survey is an estimate of non-resident ownership. |
Dissemination of statistics that support statistical cross-checks and provide assurance of reasonableness |
Data is validated against holdings in the New Zealand Central Securities Depository Limited (NZCSD) and also data held by the relevant Registrar (e.g. Computershare). |
The current list of survey respondents include local nominee companies, selected bank front offices, and securities that are registered direct, validated against holdings in the NZ Central Securities Depository (NZClear) and also data held by the relevant Registrar (e.g. Computershare):
ANZ Bank New Zealand Ltd
ANZ Nominees (up to October 2010)
ASB Bank Limited
Bank of New Zealand
BNP Paribas Nominees (NZ) Limited
Citibank Nominees New Zealand Ltd
Deutsche Bank
HSBC Nominees
JP Morgan Chase Bank NA New Zealand
National Nominees Ltd
Westpac Banking Corporation
Westpac Nominees NZ Ltd data last reported March 2007 (therefore excluded beginning April 2007).
Benelux |
Includes Belgium, Luxembourg and Netherlands |
Other Asia |
Excludes Hong Kong, Japan, Korea and Singapore |
Other |
Any remaining countries not listed in the current month’s top ten listed countries |
Discounted debt instruments, short-term (typically <1 year), that have been issued by private sector firms.
Issues of New Zealand dollar denominated debt (bonds) on a New Zealand register by private sector entities (including banks). Issuers can be either domestic or non-domestic.
Domestic
Issues of New Zealand dollar denominated debt on a New Zealand register by New Zealand incorporated entities.
New Zealand Government bonds are denominated in New Zealand dollars. There are two categories of New Zealand Government bonds. The first category has a fixed interest coupon paid semi-annually in arrears. The bonds are redeemable at par on maturity. The other category is inflation-indexed bonds (IIB).
Government bonds nominal value
The nominal value (or face value) of bonds held for non-residents recorded by bond maturity.
Government bonds nominal value as a percentage of the net amount in the market
Government bonds held for non-residents, as a percentage of the Government bonds available in the market. The bonds available in the market do not include the bonds held by the RBNZ and the Earthquake Commission.
Government bonds nominal value as a percentage of the total value of the loans
Government bonds held for non-residents, as a percentage of the total bonds on issue. This includes the bonds held by the RBNZ and the Earthquake Commission.
New Zealand Government inflation-indexed bonds (IIB) are denominated in New Zealand dollars with a fixed coupon paid quarterly in arrears. On maturity, the principal and the indexed component of the indexed bonds are redeemable. In respect of the Indexed bonds maturing on 15 February 2016, the index component means the adjustment, from 15 November 1995, to the principal due to the change in the CPI.
These include (but not restricted to) city councils, district councils, and other territorial authorities.
Non-domestic
Issues of New Zealand dollar denominated debt on a New Zealand register by non-New Zealand incorporated entities (such issues are sometimes referred to as "Kauri" bonds).
This includes other New Zealand enterprises majority owned by the Government (excludes State owned enterprises and local authorities).
This includes New Zealand companies, financial institutions and producer boards. These are organisations other than the Treasury, RBNZ and “Other government”.
Registered certificates of deposits (RCDs)
Discounted securities that are short-term (<1 year) - the majority of which are issued by banks and have taken the place of bank bills.
Repurchases and reverse repurchases
Arrangements under which one party sells a security at a specified price to another party with an agreement that the security will be repurchased at a fixed price on a specified future date. The party which sells the security upon entering the arrangement is said to be "Repurchasing" the security. The party which buys the security upon entering the arrangement is said to be "Reverse repurchasing" the security.
State Owned Enterprises (SOEs)
The SOEs borrow in their own names and on their own credit, in most cases without a guarantee or other form of credit support from the Government. SOEs have been informed that Government policy requires that they disclaim in loan documentation the existence of such guarantees or credit supports.
New Zealand Government Treasury bills are denominated in NZ dollars, are sold at a Discount to the nominal value and carry no coupon. The bills are redeemable at par on maturity. Treasury bills are normally issued with a maturity date between one month and one year.
Treasury bills nominal value as a percentage of the net amount in the market
Treasury bills held for non-resident holdings, as a percentage of total Treasury bills available in the market. The bills available in the market do not include any Treasury bills held from time to time by the RBNZ and the Earthquake Commission. The total also excludes the amount held by the New Zealand Future Fund from November 2008 through April 2009.
Banking day
Monday to Friday excluding public holidays.
Regular interest payment on a security (such as a bond). Coupon payments are typically annual or semi-annual.
The discount is the difference between the present value and the nominal value.
Interest bearing securities
These are written promissory agreements, whether marketable or not, in which one party promises to pay a stated sum on demand or on a specified date to the legal holder of the document. They may also involve a promise to pay stated interest at specified intervals over the term of the bond. Alternatively, they may be issued and traded at a Discount to their nominal value. These include: Government bonds, Treasury bills, bills of exchange, commercial paper (including eurocommercial paper), certificates of deposit, debentures, convertible notes, and medium term notes issued by private placement.
Outright holdings (nominal holdings)
Securities held outright by the owner either directly or through an agent.
Nominal value
The nominal value (also known as the “face value”) appears on the face of a document recording the entitlement, generally a certificate or bond. It is the amount to be repaid at maturity.
Security types
All securities reported are wholesale market instruments: New Zealand Government bonds (with the exception of the Feb 2016, Sep 2025 and Sep 2030 bonds which are inflation-indexed bonds), Treasury bills, Corporate bonds, Commercial paper or Registered certificates of deposit (RCDs)
Notes
Invdividual figures may not sum to the totals due to rounding
Percentage changes are calculated on unrounded numbers
You are free to copy, distribute and adapt these statistics subject to the conditions listed on our copyright page.