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Xero shares halted pending outcome of capital raising
By Paul McBeth Oct. 10 (BusinessDesk) - Shares in cloud-based accounting software developer Xero have been halted pending the outcome of a capital raising. The Wellington-based company sought the halt for up to 48 hours “pending release of a material announcement by Xero Limit...
NZ dollar falls as US political stalemate erodes investor appetite for risk
By Paul McBeth Oct. 10 (BusinessDesk) - The New Zealand dollar fell in local trading as the protracted stalemate between US legislators to prevent a debt default keeps investors nervous, and unwilling to back higher-yielding, or riskier, assets. The kiwi fell to 82.54 US cent...
Wellington airport to refinance up to $75mln of bonds at 6.25 percent
Oct. 10 (BusinessDesk) – Wellington International Airport is to reduce its bond holdings, seeking to refinance up to $75 million of retail bonds at 6.25 percent to replace $100 million of 7.25 percent bonds maturing next month. Infratil-controlled WIAL, which is also 33 percent...
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