ANZ aims to organise more Asian funding for institutional customers as funding from traditional markets in the Northern Hemisphere markets get more expensive. "Our customers have been seeking new sources of funding as the traditional Northern Hemisphere markets tighten and become more costly. This has been an important trend in the past year," ANZ said, in its first-ever review of performance and priorities in New Zealand. Specifically, ANZ is eyeing customers who are associated with infrastructure, where the Government has committed to increase spending by an extra NZ$7.5 billion between now and 2013/14. "Working with infrastructure is emerging as a key area through which the bank can support growth and employment in New Zealand. Our connectivity with Asia is also very relevant for this sector of the economy." ANZ used its Asian linkages to organise its first-ever bond issue for a New Zealand company in the Hong Kong dollar bond market when it raised funding for state-owned Transpower.