Category: NZs
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NZ’s Auckland Intl Airport to raise $861.8 million, signs contract to build new terminal By Reuters
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(Reuters) – New Zealand’s Auckland International Airport said on Monday it would raise NZ$1.4 billion ($861.8 million) for a planned capital investment programme. The company said the share raising consists of a NZ$1.2 billion underwritten offering and an unsubscribed retail offering to raise up to NZ$200 million. The stock was…
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FX Watch: NZD/CHF To Extend Its Trend After NZ’s Jobs Release?
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Like other “risk” assets, the New Zealand dollar lost ground against its safe-haven peers as optimism over low interest rates turned to concerns that a high interest rate environment was leading to recessionary conditions in the US and other major economies. The Swiss franc, in particular, found additional support from…