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Senior Investment Operations Analyst
This position is in the Investment Operations team within MLC's Asset Management business ...more
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This position is in the Investment Operations team within MLC's Asset Management business ...more
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Learning & Development Manager - Technical Programs - 12 month Contract
Provide L&D support for all technical requirements for the business banking teamBuild a st...more
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University of Canterbury filling NZ$50 million 'philanthropic bond' issue fast
University of Canterbury has announced its 'philanthropic bond' issue to raise up to NZ$50 million has been filling fast with NZ$15 million already received since it opened on October 9.
University of Canterbury said it had received reservation requests from brokers for NZ$35 million for the five year bond offer, which closes on November 30 and is offering 7.25%. Investors can reduce their interest as a donation to the University, which plans to use the bond proceeds for new buildings and technology.
4 Comments
Am I missing something obvious
Am I missing something obvious here , but this is plainly daft . And from a university too . Wouldn't it be easier , and more tax beneficial , for generous souls to just donate money , or make bequeaths , to the venerable seat of learning .......... Are there sun-spots today ? .......... Bloody hell !
Unfortunately Roger, it would appear
Unfortunately Roger, it would appear there is money to be made out of universities these days....
I have no problem with
I have no problem with that . In fact , not before time they got into the real world , and out of their socialist ivory towers . But a philanthropic bond issue ? Myopic , moronic nonsense . Either you donate money or you don't . Why the cutesy pie " reduce their interest as a donation to the university " ? .............. Spring fever ........... Sun-spots ............Excess booze.............. God only knows how seemingly educated folk dream up this rubbish .
The lemmings will put their
The lemmings will put their money anywhere if there is a high interest rate on offer no matter how risky! We saw it with the finance companies. How will this university propose to pay back all of this debt?