NZX 3rd-qtr revenue rises 3.9% on by debt market listings, funds management

Sun, 30 Oct 2016

By Paul McBeth Oct. 31 (BusinessDesk) - NZX's third-quarter revenue rose 3.9 percent as the stock market operator's sales were bolstered by a flurry of new debt listings and an expanding funds management business. The Wellington-based company's revenue from its dominant capital markets division rose 5.4 percent in the three months ended Sept. 30 from the same period a year earlier, largely due to $2.16 billion of new debt being listing in the quarter, it said in a statement. Low interest rates have spurred companies to raise funds throug...

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