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Kāinga Ora announces updated issuance plans, including launch of regular tender programme - 20 November 2020

Kāinga Ora – Homes and Communities today announces plans to issue around $1.0 billion of bonds in the six months ending 30 June 2021, as well as the launch of a new bond tender programme.

As at 20 November 2020, $1.8 billion of bonds have been issued this calendar year. Planned issuance of $100 million in December 2020 is expected to increase this to $1.9 billion, in line with an announced programme of around $2.0 billion for the 2020 calendar year.

Read the full report

Read the bond tender programme Q & As

Our organisation

Kāinga Ora - Homes and Communities is the largest residential property owner in the country, owning or managing around 66,000 properties that house around 200,000 New Zealanders.

Kāinga Ora has two key roles:

  • being a world-class public housing landlord, and
  • partnering with the development community, Māori, local and central government, and others on urban development projects of all sizes.

For more information on Kāinga Ora, read about us or download our latest Investor Update [PDF, 4.3 MB].


Kāinga Ora’s main subsidiary, Housing New Zealand Limited, re-entered debt capital markets in 2018, following a 19-year absence.

Kāinga Ora group’s Borrowing Protocol, which sets a limit on external borrowing, was increased from $150 million to $1,080 million in May 2017 to help finance the Auckland Housing Programme.

Under the current government, the limit increased to $3,050 million in June 2018 and again to $7,100 million in January 2020 to help us to continue financing much-needed warm, dry and safe houses across New Zealand.

In Budget 2020, the government announced funding to help deliver 8,000 new public housing and transitional housing places over the next four years.

This is in addition to the Government’s existing commitments to provide 6,400 new public houses over the four years from July 2018.

The 8,000 additional housing places will be delivered by Kāinga Ora, Community Housing Providers and transitional housing providers. The Ministry of Housing and Urban Development will be updating the Public Housing Plan, working in partnership with the sector over the coming months, and as part of that the financing arrangements for the additional places will be confirmed.

Kāinga Ora will need to increase its borrowing over the next few years to finance its proportion of the additional 8000 places. Subject to confirmation of these financing arrangements, we anticipate annual net bond programmes over this time to be a similar size to the 2020 calendar year programme of around $2 billion.

Kāinga Ora's Sustainability Financing Framework explicitly recognises the role we play in improving wellbeing outcomes for New Zealanders, and enabling us to link our financing requirements accordingly.

Read more around our focus on our sustainability and wellbeing page.



The information on this webpage is issued by Kāinga Ora - Homes and Communties for informational purposes. To the extent that this webpage refers to an offer of securities, no offer is made to anyone accessing this webpage outside of New Zealand and otherwise than in compliance with any applicable securities laws or regulations. To the extent that this webpage refers to any offer of securities to any person in New Zealand, such offer will be made to only wholesale investors and in accordance with the Financial Markets Conduct Act 2013 (FMCA).

Users accessing this webpage acknowledge and accept that they will comply with any applicable securities laws or regulations (including, without limitation, the FMCA).

Page updated: 20 November 2020