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Rates round-up: December 17

Monday 17th of December 2012

Auckland Council has closed its retail bond offer after successfully raising $125 million in an issue of six-year secured, unsubordinated retail bonds.

The interest rate for the bonds has been set at 4.41% per year, including a base rate of 3.36% from the six-year swap rate, plus a 1.05% margin.

The bonds have an AA credit rating from Standard & Poor's and an Aa2 rating from M...

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