14 Feb 2009

$100 million bond offer by Auckland City Council

10:59 am on 14 February 2009

Auckland City Council is looking to raise $100 million in bonds.

The offer goes to the market on 23 February.

The stock exchange has approved a request by the council request to withhold its half-year results and reports and referred the matter to the Securities Commission.

The council argued investors would receive little material benefit from its half-year financial information.