University finances bolstered by insurance payout
University of Canterbury fuinances have been boosted by insurance and government payouts.
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The University of Canterbury says payments to bondholders are unaffected as it posts a $3 million consolidated deficit from teaching activities.
In 2009, the university launched a $50 million, 10-year, fixed rate, unsubordinated, unsecured bond at an interest rate of 7.25% a year, fixed for five
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Chris Hutching
Thu, 26 Feb 2015
Thu, 26 Feb 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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University finances bolstered by insurance payout
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