As the leading capital markets house in Australia and New Zealand, ANZ is committed to improve the availability of suitable and affordable housing options for all Australian and New Zealanders, something CEO Shayne Elliott says the bank is passionate about.
“One of the areas we can impact the community is in the area of housing. This is not about charitable works, it’s about bringing the full force of ANZ, one of the largest financial institutions in the county to bear; to have an impact and to shape the world for good,” Shayne says.
Partnering with NHFIC and Housing New Zealand allows ANZ to join forces and draw on each organisation’s expertise in order to deliver better outcomes.
CEO NHFIC, Nathan Dal Bon says working in partnership with other stakeholders is key to the solution of unlocking the new supply of housing, especially with partners such as ANZ who align to the purpose of NHIFIC.
“We need to work with others to ensure we develop their responses to make sustained inroads into the shortage of housing in Australia,” he says.
“In particular we need to work with private financiers who are already engaging in the community housing provider (CHP) space.
“We also need to work with State Governments who have a number of programs that support the community housing sector and also leverage other programs that are already operating at the Commonwealth and local Government level.”
Whether it be housing bonds, social impact bonds, green bonds or others, more specialised products are developing in the debt markets to tap into different capital pools that investors have allocated for a particular purpose.
Katharine Tapley, Head of Sustainable Finance at ANZ believes this was a very impactful and unique transaction for the capital markets in Australia.
“It really showed (a concept like) the green bond market can apply to a broader class of assets, into social infrastructure assets for example,” she says.
“It was also unique because NHFIC is a legislated, AAA rated government guaranteed entity that was brand new into the capital markets. A lot of interest was attracted into the transaction because of the nature of the issuers, as well as the format being a social bond.”