Infratil says ultra-low rates have actually pushed some investments out of reach

Mon, 13 Nov 2017

By Jonathan Underhill Nov. 14 (BusinessDesk) - Infratil, the investment company managed by HRL Morrison & Co, says ultra-low interest rates since the global financial crisis have pushed some investments out of reach because they have driven up prices of assets with higher returns. Infratil has historically been one of the biggest issuers of NZDX-listed debt securities but over the past decade its use of fixed-term bonds and bank debt has fallen to 19 percent of total funding as at Sept. 30 from 49 percent as at March 31, 2009 (although an...

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