Wellington Airport eyes $100m bond offer

Staff reporters
Mon, 27 Jul 2020

Wellington International Airport is considering a six-year fixed rate bond offer of up to $75 million, with the ability to accept $25 million in oversubscriptions.The airport operator has appointed ANZ Bank New Zealand as the arranger and Forsyth Barr as joint lead manager to coordinate the bond offer which is expected to open on Aug. 3.Last month, Wellington Airport shareholders, Infratil and Wellington City Council, committed to a $75 million support via redeemable preference shares, if needed.Demand for air travel has been weak since the pan...
Markets
MARKET CLOSE: Reserve Bank measures limit virus-driven stock slide
Dan Brunskill | Wed, 12 Aug 2020

Reserve Bank stimulus helped soften a fall by New Zealand equities as investors reacted to a covid-19 flare-up which has put Auckland back into a level-3 lockdown. The S&P/NZX 50 Index declined 153...

PETER GRIFFIN: Tracing tech still running to catch up
Peter Griffin | Wed, 12 Aug 2020

We should have gone back into our state of covid-19 lockdown with an effective digital contact tracing technology in place.

Economy
UPDATE: RBNZ revs up the printing press, doesn't rule out negative rates
Rebecca Howard | Wed, 12 Aug 2020

(Updates to add comment from RBNZ governor and assistant governor)  The Reserve Bank kept the official cash rate at a record low 0.25 percent but expanded its large-scale asset purchase programme t...

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