Heartland Group Holdings Limited (NZX:HGH) has finalized a long-term A$142 million Australian reverse mortgage supported by syndicated loan securitisation transaction funded by offshore institutional investors. This transaction will provide the bank a 30-year final maturity and will also increase its access to committed Australian reverse mortgage loan funding to A$1 billion in total. The bank’s high-quality reverse mortgage asset portfolio has allowed the structure to achieve leverage of 98%.
After the government relaxed the physical distancing rules on public transport, Air New Zealand released 180,000 tickets at its cheapest fares, 160,000 for less than NZD 50. The airline witnessed a rush to buy seats and the Monday afternoon turned out to be a blockbuster afternoon for sales. The airline could sell over 80,000 tickets than usual pre-Covid-19 era with over 110,000 tickets sold swiftly.
On 15 September 2020, the Commerce Commission released its final report on base milk price calculation for the 2019/20 dairy season of Fonterra Co-operative Group Limited (NZX:FCG) Presently, the base milk price is anticipated to be between $7.10 - $7.20 per kilogram of milk solids for the dairy season of 2019/20.