You are here >News on New Investments > News on New Investment

News on New Investment

20
Auckland Council is considering an offer of fixed-rate secured bonds to the public and is seeking preliminary indications of interest.

The bonds are expected to have a term of 10 years and will form part of Council’s overall borrowing programme, which includes refinancing maturing debt and funding investment in projects across the region.

As part of its planning for the bond issue, Auckland Council has appointed ANZ, BNZ and Westpac as Joint Lead Managers.

Ratepayers and other retail investors can register their interest with one of the Joint Lead Managers or their financial advisor. A copy of the investment statement for the issue will be sent upon release.

It is expected that full details of the bond issue will be released and the offer will open on 14 March 2014.