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Brexit a boon for NZ councils' cost of borrowing

Not everybody is a loser during times of crisis such as Brexit and local councils are benefiting through lower borrowing costs. With special feature audio.

Jenny Ruth
Wed, 29 Jun 2016

Britain's crisis is delivering lower borrowing costs to local councils in New Zealand.

Yields on Local Government Funding Agency (LGFA) 11-year bonds have fallen about 20 basis points since British voters said they want their country to leave the European Union.

The 2027 bonds are currently

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Jenny Ruth
Wed, 29 Jun 2016
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Brexit a boon for NZ councils' cost of borrowing
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