Auckland Council pays way over the odds to borrow offshore
Auckland Council says New Zealand borrowing market is too small.
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Rich List
Auckland Council is paying millions of dollars a year more in interest to borrow money from offshore than it would have to pay in New Zealand.
But the council argues that going offshore allows it to borrow larger amounts of money for longer periods of time than if the same amount of money was
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Jenny Ruth
Fri, 10 Nov 2017
Fri, 10 Nov 2017
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Auckland Council pays way over the odds to borrow offshore
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