insight

NZX/ASX Top 50 Funding Composition Trends & Insights 2023

23 March 2023

Our latest NZX/ASX Top 50 Funding Composition Trends & Insights publication reports that the Top 50 listed companies will face distinct funding challenges this year in a ‘Chicken Licken’ market, infused with a sense of impending catastrophe. 

Our annual analysis of the New Zealand Main Board (NZX) Top 50 tracks trends in funding arrangements, with comparisons made to the Top 50 entities listed on the Australian Main Board (ASX Top 50).

Key findings in our latest report include:

  • ASX Top 50 companies are more diverse in their debt financing arrangements than their New Zealand counterparts, with the majority having a spectrum of debt products available to them.
  • Bond issuances have increased significantly, after the COVID-related disruption of the last few years.
  • Green bonds continue to gain momentum and we have seen an important milestone in the development of the New Zealand sustainable finance market.

Partner Cathryn Barber says “Although the current environment is more volatile and challenging than usual, we expect to see a continuation of existing trends in 2023 rather than sharp changes in direction.”

 

Click here to read our latest publication

Related insights

See all insights