LGFA says borrowing offshore is too expensive
LGFA recently established an offshore borrowing facility in case of emergency.
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
Want to read more? It's easy.
Choose your best value subscription option
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 debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Jenny Ruth
Fri, 08 Dec 2017
Fri, 08 Dec 2017
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
LGFA says borrowing offshore is too expensive
72261