Listed company capital raisings on ice but will be needed soon

Wed, 01 Apr 2020

Companies listed on NZX have been locking in liquidity and new debt lines over the past few weeks and their next step will be to raise equity to repair their balance sheets, exchange chair James Miller said.That's as they grapple with the impact of the global coronavirus crisis and New Zealand's lockdown for at least four weeks to try to stop the spread of covid-19."We believe the next step is for those companies to recapitalise the equity side and repair their balance sheets which means we expect to see secondary issuance coming to the market,...

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