Some $1.28 billion of investment funds could be looking for a high-yielding home in the next few months amid speculation ANZ New Zealand and a local unit of National Australia Bank will call hybrid notes they sold in 2008 when interest rates were high. ANZ has $835 million of perpetual callable subordinated bonds with a first call date of April …

New Zealand commodity prices rose for a fifth straight month in December, led by a surge in pelt prices and gains for aluminium and beef, though a strong New Zealand dollar eroded the benefits to local producers. The ANZ Commodity Price Index rose 1 percent in to be 7 percent up since July last year. The index is still 14 …

Shares in Summerset Group climbed 0.9 percent to $2.28 after the retirement village operator and developer beat the sales forecasts published in its initial public offer document last year. The Wellington-based group sold 331 occupation rights for more than $100 million to village residents in the 2012 calendar year, from 231 sales and resales a year earlier, the company said …