TCC closes first NZ council retail deal since prospectus exemption [UPDATED]
- Tuesday, 11 November 2008
Tauranga City Council (A) (TCC) closed its 2013 domestic offering – the first transaction from a New Zealand local council to be marketed to retail investors since these issuers were exempted from filing a full prospectus earlier this year – on November 14 having reached full subscription of the deal’s maximum size of NZ$50 million (US$28.25 million).
