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Monday 14th of September 2009
Manukau City Council reopens bond issue
After successfully raising $90 million in July, Manukau City Council has reopened its bond issue to tap investors for another $100 million.
It is offering the same bonds as before, but investors must pay a premium, resulting in a lower yield of 6% for the four-year term and 6.7% for the six-year term compared to 6.15% and 9.9...
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