NZ top 25 continue to mix funding sources

Fri, 08 May 2020

The top 25 companies on the NZX continue to dominate alternative funding, with the next tier of 25 listed companies relying on banks as their primary source of debt, according to Chapman Tripp’s latest funding composition survey. Of the top 25 companies by pre-covid market capitalisation, 17 have listed retail bonds, 12 have US private placements and 12 had raised debt through issuing bonds, euro or Australian medium-term notes and commercial paper, the report noted. While there was a continued diversity of funding sources among the top t...

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