How to please a banker
The government's housing agency Kāinga Ora is paying a premium for its debt, but is it worth it?
The executive of Big Bank furrowed his brow.
“So let me get this straight,” he said. “They want to pay us more money?”
The lending manager nodded. “That’s right sir.”
“But the loan is effectively government guaranteed?”
“Right again sir.”
The executive narrowed
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