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NBR Focus: GMO
NZX-listed Augusta [NZSX: AUG] has never breached lending covenants, according to managing director Mark Francis.
He was commenting on reports highlighting the company lending ratios.
Augusta’s constitution limits borrowings to a ratio of 50% of the gross asset value.
Augusta’s
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Chris Hutching
Wed, 11 Jul 2018
Wed, 11 Jul 2018
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Waivers enable Augusta's higher borrowing threshold
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