Auckland Council debuts with NZ$200 million domestic deal
- Tuesday, 05 April 2011
The amalgamated Auckland Council (AA) made its medium-term note (MTN) debut on April 1, pricing NZ$200 million (NZ$153.7 million) equally split between an October 2013 and an April 2017 tranche. However, while the issuer is currently restricted from funding in both the offshore and domestic retail markets it does not plan to place another institutional transaction for at least three months.
