University of Canterbury gets approval to triple borrowing limit to $150M

Mon, 15 Sep 2014

By Jonathan Underhill Sept. 16 (BusinessDesk) - The University of Canterbury, which has secured government funding to refurbish its engineering department and build a new Regional Science and Innovation Centre, has been given approval to triple its borrowing limit to $150 million by 2019. The new limit includes the university's existing $50 million of 7.25 percent bonds, which mature in December 2019, the institution said in a statement to the NZDX market, where the debt trades. The bonds, first issued in 2009, were last quoted at a yield...

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