Auckland City Council looks at retail bond market – again
By Paul McBeth
Dec. 24 (BusinessWire) – Auckland City Council is looking to tap the retail market for funds again in a public bond
offering.
The bonds will be direct, secured fixed rate debt obligations over rates revenue, with full details of the offer when it
opens in February or March next year.
The council raised $150 million in a bond issue earlier this year. A council Finance and Strategy Committee meeting
earlier this month recommended the local body raise about $350 million.
The joint lead managers for the issue will be Bank of New Zealand, Westpac Banking Corp., First NZ Capital Securities
and Goldman Sachs JBWere.
(BusinessWire)