A $1b interview

31/03/2009

The Wall Street Journel interview with John Key  generated a bit of interest in New Zealand, but mostly by way of the isn’t-it-good-the-world-notices-us reporting.

Bernard Hickey reckons it was worth much more than that and explains how John Key secured a US1bln loan for New Zealand with a newspaper interview.

Hickey’s post explains how ANZ  National secured a $1b bond issue in the USA, it’s worth reading in full so I’ll leave it with this:

It turns out the interview was a crucial factor in the success of the bond issue, the first long term issue by a New Zealand bank since July last year. It is likely to set the tone for more.

Thank you John.


Fonterra auction price up

04/03/2009

It’s not enough to get out the champagne but it could justify a celebratory milkshake – the front end contract price in Fonterra’s latest milk auction rose 14.7% in US dollars.

Take the exchange rate into account and that’s an 18.5% increase in New Zealand dollars.

dairy-10001


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