Bond market

1.Who are the main issuers and investors in New Zealand's bond market?

2.What factors contribute to the low level of liquidity in the secondary bond market?

3.What are "Green bonds" and why is this market segment growing?

4.What factors influence the spread between corporate and Government bond yields?

5.How has the 10 year Government bond rate reacted to the Covid-19 crisis?What factors have contributed to its movement since the Covid-19 onset?

Equity market

6.Give reasons for the low level of liquidity in the NZ (primary and secondary) equity market?

7.What are the adverse effects of low market liquidity for issuers, investors, the economy?

8.What market innovations might enhance the depth of the NZ equity market in the future?

9.Give two methods of equity valuation. Describe their relative advantages and disadvantages

Auckland International Airport (AIA) recently made a $1.2bn share issue. Why did AIA DO this in such a weak market?Was the issue successful?