Markets

UPDATED: Confusion on NZX as Air NZ rights open trading

Dan Brunskill
Mon, 04 Apr 2022

UPDATED: Confusion on NZX as Air NZ rights open trading
The national carrier is raising funds to restart post-covid.
Dan Brunskill
Mon, 04 Apr 2022
Air NZ rights are back in a trading halt while the NZX “clarifies the manner in which” it has set up the instrument ­– which trades as AIRRG – and the trading reference price it has calculated as a result.NZX's product operations team said in an announcement a further trading halt was applied to Air NZ rights at 11.04am this morning and another announcement will be made when trading in AIRRG is scheduled to resume.One broker told BusinessDesk it appears the stock exchange miscalculated the reference price fo...

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