Reserve Bank of New Zealand Governor Alan Bollard has said after returning from a roadshow promoting NZ Inc that he expected banks here would be able to successfully raise money in the term debt market using wholesale government guarantees. "The signs are pretty good, but each bank has got to decide if and when it wants to do that, and in general liquidity positions are pretty secure around the banks," Bollard told journalists in Wellington. "The signs we got were pretty good, but it's in a very unstable world," he said when asked if he thought the banks would be able to sell the guaranteed debt to international investors. * This article was first published Friday in our daily subscription newsletter for the banking and finance industries. The email costs NZ$365 per annum and carries exclusive news and analysis for New Zealand banking and finance industry executives, regulators and investors. Sign up for a free trial here.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.