Debt Capital Markets

Our debt capital markets team is a leader in its field. We have structured and implemented some of New Zealand's most notable debt capital raisings.

Our specialists have a comprehensive understanding of the markets and their regulatory framework. We work collaboratively with our clients and other advisers to find the best solutions for our clients' funding objectives.

We act for issuers (corporates, financial institutions, and local authorities), underwriters, managers, arrangers, trustees, paying agents, and bondholders.

We advise on the full spectrum of debt securities transactions, both wholesale and retail. This includes bond and note issues (secured, unsecured, and credit-wrapped), commercial paper programmes (including mortgage and asset-backed programmes), and the issuance of hybrid and convertible/exchangeable instruments.

Work Highlights

Dunedin City Treasury Limited

We act for DCTL in connection with its $1.2 billion capital raising programme, including its bonds, underwriting facilities and LGFA securities.

Coca-Cola Amatil (NZ)

We advised on the United States private debt placement, wholesale issue of medium-term notes (MTNs), and participation in the Australian group's US$2 billion wholesale euro-MTN programme.

GE Capital New Zealand

We advised on its $2 billion commercial paper programme.

Goldman Sachs

We advised as lead manager on Vector's $1 billion credit-wrapped bond issue.


We regularly act for supervisors and bond trustees in connection with a range of DCM programmes in New Zealand.

Auckland Council

We acted on its $4 billion retail bond programme, $500 million secured commercial paper programme, and $500 million medium-term note programme.

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