Auckland Council considers retail bond offer

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.

BusinessDesk.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

AIR - Air New Zealand market update
May 14th Morning Report
PEB - Pacific Edge Placement Increased to NZ$25.4 Million
Radius Care Reports Earnings Growth and 50% Higher Dividend
May 13th Morning Report
Pacific Edge launches capital raise of NZ$24 million
SML - Resignation of Synlait Director
FBU - Sale of Laminex Cheltenham property
CVT - Comvita Achieves Minimum Capital Raise Requirement
Devon Funds Morning Note - 04 May 2026