Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Property
Stride's valuers cut $66.5m from early assessment as crisis intensified
Stride Property Group said its valuers cut $66.5 million off their initial draft valuations provided in early March as the magnitude of the coronavirus crisis became more apparent, turning valuation gains into losses. In the event, the valuers cut $1.8 million off the property...
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First Mortgage Trust
First Mortgage Trust is an investment manager that specialises in property lending. For nearly 30 years we’ve been helping New Zealanders protect and grow their wealth.
Policy
RBNZ finally green-lights AMP Life sale with NZ policy holder safeguards
The Reserve Bank of New Zealand has approved the sale of AMP Life to Bermuda-based Resolution Life in a revised deal hammered out over 18 months that includes significant safeguards to protect NZ policy holders. AMP announced the sale of its life businesses on both sides of th...
Infrastructure
Broad sweep of projects in green investment bank pipeline
New funding deals New Zealand Green Investment Finance is working up will show a variety of low-carbon benefits from a range of sectors, chief executive Craig Weise said. A $15 million credit line for Wellington-based CentrePort is the first of a number of deals the 14-month o...
Services
How SkyCity ensured all shareholders were treated fairly in $230m capital raising
SkyCity Entertainment Group stared down its merchant bankers to ensure its existing shareholders were able to access their fair share of its $230 million capital raising. That resulted in key differences from other recent capital raisings, including setting a firm price on the...
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