No sweat on debt, says Quayside, as council mulls port sale
Bay of Plenty Regional Council’s holding company is reviewing its capital structure with Port of Tauranga sell-down potentially cashing up $200m of listed preference shares.
Bay of Plenty Regional Council's Quayside Holdings owns 54.1% of Port of Tauranga.
Port of Tauranga’s 54.1% owner Quayside Holdings says it expects no problem refinancing $85 million of debt due for repayment this year as consultation opens on a potential sell-down of its port stake.
Quayside, a holding company for Bay of Plenty Regional Council, also has $200m of perpetual
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