Investors flock to 30-year bond issue
Auckland Council closes offer early with $500m in the bag
Auckland Council’s latest bond offer has closed early and raised $500 million, $200m more than planned, as investors rushed for a piece of the action.
The 30-year 2.95% bond maturing in September 2050 is the longest-dated bond to be issued in New Zealand, exceeding the government’s 2041 bond
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