Local fund managers miffed at Auckland Council's offshore borrowing
Auckland Council says it's too big to borrow solely from the New Zealand financial markets.
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Auckland Council says it’s too big to borrow solely from New Zealand financial markets but local fund managers say the council is taking them too much for granted.
The council has just settled a sale of seven-year bonds out of London that will cost it about $3 million a year more in interest
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Jenny Ruth
Mon, 20 Nov 2017
Mon, 20 Nov 2017
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Local fund managers miffed at Auckland Council's offshore borrowing
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