Booms, bonds, and breakdowns

Good Morning,

Wellington’s Dixon Street Apartments have been resold for triple the price Kainga Ora originally received in June this year. Queenstown has confirmed a new measles case claimed to be linked to international travel. On October 1st, the Fisheries Act Bill will see stricter catch limits on orange roughy and blue cod. Auckland Airport has announced they want to raise up to $300M by issuing retail bonds, including a five-and-a-half-year fixed rate option. In Australia, the Federal Government’s new first home buyers scheme coming into effect on October 1st will enable purchasers to enter the housing market with only a 5% deposit. A Michigan Church has experienced an arson and shooting attack, killing four people. Synlait’s $307M sale of its Pōkeno Factory has increased share price, contributing to a rise in the S&P/NZX 50 Index.

Let's jump in.

Before The Bell

News Summary

• Wellington’s Dixon Street Apartments have been sold for triple the value originally sold from Kāinga Ora in June this year (Stuff).

• A new measles case has been detected in Queenstown, claimed to be linked from international travel (NZ Herald).

• Orange roughy and blue cod catching limits to tighten on October 1st, the latest step of the Fisheries Act Bill (NBR).

• The Australian Federal Government’s first home buyer scheme set to come into effect October 1st, with first home buyers only requiring a 5% deposit (9 News).

• Four have been killed in a shooting and arson attack on a Michigan Church (BBC).

Deal Flow

Investments / M&A

• S&P/NZX 50 Index rose after Synlait’s Pōkeno factory sale of $307M drives up share price (NZ Herald).

Equity Raises

• Auckland Airport wants to raise to $300M by issuing bonds, including five-and-a-half-year fixed rate retail bonds (NZ Herald)

Daily Picks

• Beaudan Barret’s shoulder injury reveals the lack of suitable No. 10’s to replace him as the All-Blacks northern tour nears (Stuff).

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