Local fund managers miffed at Auckland Council's offshore borrowing
Auckland Council says it's too big to borrow solely from the New Zealand financial markets.
Jenny Ruth Mon, 20 Nov 2017
Auckland Council says it’s too big to borrow solely from New Zealand financial markets but local fund managers say the council is taking them too much for granted.
The council has just settled a sale of seven-year bonds out of London that will cost it about $3 million a year more in interest
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