New Zealand: Government Contracts, Procurement & PPP

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Article
Govt to scrap approved issuer levy on corporate bonds
Interest on listed or widely held bonds will be exempt from the 2% approved issuer levy (AIL) as the Government seeks to encourage more foreign lenders to participate in the New Zealand corporate bond market. A number of restrictions are proposed on the exemption so issuers hoping to attract foreign interest will need to consider the legislation carefully, and to make submissions if they believe it requires amendment. No submission date has yet been set.
New Zealand Finance
CT
Chapman Tripp
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