All News
Auckland Council raising $200 mln in bond offer at higher rate than last issue
By Sophie Boot July 21 (BusinessDesk) - Auckland Council will raise up to $200 million through a 10-year retail bond issue, at a higher indicative margin than its last offer in March. Last month, the council deferred a planned offer, citing market volatility which followed...
Livestock Improvement Corp sinks into the red
By Paul McBeth July 21 (BusinessDesk) - Livestock Improvement Corp, the farmer-owned dairy herd genetics, farm software and automation cooperative, dipped into the red in 2016 as farmers scaled back spending because of the dairy downturn, which weighed on the value of the comp...
UPDATE: Three major bank lenders introduce property investor lending restrictions early
(Adds ASB move) By Fiona Rotherham July 21 (BusinessDesk) - ASB Bank and ANZ Bank New Zealand have followed Westpac Banking Corp's lead in clamping down on lending to property investors by requiring at least a 40 percent deposit ahead of Reserve Bank restrictions. Westp...
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