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New 2041 Govt bond

New Zealand Debt Management syndicated its new May-2041 government bond last week, raising $4.5bn amidst an order book in excess of $8.5bn. International demand for the bond was strong, with investors outside New Zealand and Australia allocated 70% of the deal, commented BNZ Markets.

Weaker opening for ASX

The Australian sharemarket put an end to a four-day winning streak, with the ASX 200 closing at the lows of the session, down 43.3pts or 0.71 per cent to 6014.6, reports CommSec. ...

Chatham closes placement

Chatham Rock Phosphate has closed a non-brokered private placement of 2,365,894 units at a price of CAD $0.08 (NZ$0.10) per Unit for gross proceeds of CAD$189,271.52 (NZ$236,589). ...

Air NZ expects $120m loss

The New Zealand Government’s recent move to Alert Level 1 has enabled Air New Zealand to slowly restart the Domestic network, however revenue and earnings are significantly lower than expected prior to the outbreak of Covid-19. ...

Skycity completes placement

SkyCity Entertainment Group has successfully completed the $180 million institutional placement as part of the $230 million equity raising announced on 17 June 2020. ...

MARKETWEEK: When we will stop tracking America?

Warren Head The New Zealand sharemarket felt the pressure of this week’s sudden snap of the increasingly stretched American market rally but not any real pain. And that is justifiable. ...

NZME denied court injunction

News media and radio group NZME has been declined an interim injunction to preserve the exclusive negotiation period previously agreed with the Australian group Nine Entertainment. ...

Aussie market extends gains

Aussie shares managed to only just hold onto gains Wednesday, with the ASX 200 lifting by 3.5pts or 0.06 per cent to 6148.4, notes CommSec.. ...

ANZ sells UDC Finance

ANZ is to sell its asset finance business in New Zealand, UDC Finance, for NZ$762 million to Shinsei Bank Ltd ...

Strong result from Arvida

Arvida Group produced a strong result in the financial year to 31 March 2020, chief executive Bill McDonald said today. ...

Capital raising by Sky TV

Sky Network Television has announced its intention to raise approximately NZ$157 million ...

Plexure revenue and profit leap

Significant financial performance improvement has been reported by Plexure for FY20, with revenue from contracts with customers of $25.3m, up 50% or $8.4m from FY19. ...

OCR steady but 'QE' almost doubled

The Reserve Bank’s Monetary Policy Committee made no change to the Official Cash Rate today but expects to see retail interest rates decline further. ...

Vista Group raises capital

Vista Entertainment Group completed the retail entitlement offer component of its 1 for 4.37 pro-rata non-renounceable accelerated entitlement offer. ...

Weaker 3rd quarter for Warehouse

The Warehouse Group reported unaudited retail sales for the third quarter ending 26 April 2020 of $586.3 million, down $128.1m or 17.9% compared to the same quarter last year. ...

Smiths talking about restructure

Smiths City is starting consultation with its employees and negotiations with its landlords to restructure the company ...

Credit provision rises at ANZ NZ

ANZ New Zealand reported statutory net profit after tax (NPAT) of NZ$789 million for the six months to March 31 2020 – a 15% decrease on the corresponding half. ...

Upbeat update by Michael Hill

Positive sales growth was maintained throughout January and February, reports Michael Hill International. ...

Huge Eurobond issue by Telstra

Australian telecommunications group Telstra has priced a €500m (approximately A$860m) bond issue, which will further strengthen its balance sheet. ...

Metlifecare scheme partner drops out

Metlifecare advised NZX today that late last night it received notice of an intention to terminate its scheme implementation agreement (SIA) with Asia Pacific Village Group Ltd (APVG) in around 10 business days. ...
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