close
MENU
Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
3 mins to read

Auckland Council pays way over the odds to borrow offshore

Auckland Council says New Zealand borrowing market is too small.

Jenny Ruth
Fri, 10 Nov 2017

Auckland Council is paying millions of dollars a year more in interest to borrow money from offshore than it would have to pay in New Zealand.

But the council argues that going offshore allows it to borrow larger amounts of money for longer periods of time than if the same amount of money was

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Jenny Ruth
Fri, 10 Nov 2017
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Auckland Council pays way over the odds to borrow offshore
71501
true