LGFA says borrowing offshore is too expensive
LGFA recently established an offshore borrowing facility in case of emergency.
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Hawke’s Bay
The Local Government Funding Agency says it isn’t borrowing offshore because it’s too expensive.
Nevertheless, it recently established a medium-term note programme in Australia as a form of insurance.
“We’ve looked at foreign currency borrowing but when we look at the cost of issuing offshore
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Jenny Ruth
Fri, 08 Dec 2017
Fri, 08 Dec 2017
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LGFA says borrowing offshore is too expensive
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