Friday 5th October 2012
|Text too small?|
Auckland Council, New Zealand's biggest local body after its amalgamation of eight of the region's councils into one in November 2010, is seeking public feedback as it mulls an offer of fixed-rate secured bonds.
The bonds would form part of the council's overall borrowing programme to fund its investment in the region, it said in a statement. The money will be used to improved public transport, sports fields, new libraries and community facilities.
The supercity has appointed Australia & New Zealand Banking Group and Bank of New Zealand as joint lead managers and full details of the bond issue will be released on Oct. 8.
The council's commercial interests include Ports of Auckland, Auckland Film Studios and a 22.4 percent shareholding in Auckland International Airport.
No comments yet
NZ dollar rises after Orr talks up the economy
Comvita posts $27.7m net loss on goodwill write-downs
Buyers emerge for Denton Morrell client book
WEL reviewing capital structure of fibre business
Cavalier announces strategic collaboration with NZ Merino Company
Delegat continues to invest after record year
Kiwibank's annual profit eases as fee income drops
TIL lifts operating earnings, watching for slowdown
Vector profit slides 44% on struggling HRV writedown
Steel & Tube returns to the black but says margins are squeezed