Cheaper borrowing costs spur NZ corporate bond sales, AMP Capital says

Tue, 20 Oct 2015

By Paul McBeth Oct. 20 (BusinessDesk) - New Zealand's relatively cheap local borrowing costs are spurring companies to raise cash by selling bonds, according to fund manager AMP Capital Investors (New Zealand). The Wellington-based firm, which manages more than $19 billion of assets, predicts more companies will tap New Zealand's corporate bond market as low interest rates encourage them to borrow locally. Managing director and head of fixed income Grant Hassell told a briefing in Wellington the fund manager had started increasing its exp...

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