RBNZ to accept corporate debt

The Reserve Bank of New Zealand has announced a number of changes to its market operations, mostly significantly accepting domestic corporate securities as collateral for central bank loans. The paper must have a long-term credit rating of BBB- or higher.

Grant Spencer, the deputy governor, said the measures are similar to actions taken by other central banks in the wake of the global financial market turmoil.

"Following a number of similar measures adopted earlier in the year, we are taking

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: