Economy
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Economy
NZ Debt Management to sell bonds like never before
New Zealand Debt Management aims to issue $17 billion of government bonds before the end of June after nearly doubling issuance to $25 billion for the current fiscal year. Not only that, but "due to the rapidly evolving covid-19 situation, further updates may be required as new i...
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Economy
BNZ takes a more cautious approach to judging company solvency
Bank of New Zealand is taking a more cautious approach to business lending during the coronavirus crisis and to assessing the solvency of would-be corporate borrowers than some of the other banks. "Our obligations to ensure we are lending responsibly don't change and it's some...
Infrastructure
Innovation needed to speed infrastructure build - Binns
Construction firms and asset owners are going to have to get creative if the country is to maintain a pipeline of work to help it navigate the economy through the post-covid-19 recession, Crown Infrastructure Partners chair Mark Binns says.There is no shortage of potential projec...
Coronavirus
Kathmandu to raise $207m at steep discount
Kathmandu Holdings intends to raise $207 million at a steep discount to meet its bankers' requirements to waive and relax its covenants as it looks to ride out the impact of covid-19.Kathmandu said its existing banking group has provided a covenant waiver for the periods ending J...
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Pattrick Smellie
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Pattrick was judged New Zealand's best overall columnist and business columnist of the year at the Voyager 2021 Media Awards. He has more than 35 years’ experience reporting and working in New Zealand politics and the commercial sector. A former Press Gallery chairman, he is an award-winning journalist and has worked for titles including The Dominion, The Press, Sunday Star-Times and National Business Review. He was the first NZ correspondent for The Australian and co-founded BusinessDesk in 2008.
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