Brexit a boon for NZ councils' cost of borrowing
Not everybody is a loser during times of crisis such as Brexit and local councils are benefiting through lower borrowing costs. With special feature audio.
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Britain's crisis is delivering lower borrowing costs to local councils in New Zealand.
Yields on Local Government Funding Agency (LGFA) 11-year bonds have fallen about 20 basis points since British voters said they want their country to leave the European Union.
The 2027 bonds are currently
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Jenny Ruth
Wed, 29 Jun 2016
Wed, 29 Jun 2016
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Brexit a boon for NZ councils' cost of borrowing
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