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Post by Kiwi Frontline on May 30, 2023 5:03:07 GMT 12
NGĀTI TOA SCHOOL DEAL A WINNERA deal that allowed Te Rūnanga o Toa Rangatira Incorporated to buy 40 schools in the Porirua and wider Wellington catchment has won the debt deal of the year award at this year’s Institute of Finance Professionals awards. The deal involved about 144 hectares, making the iwi the largest landlord of the Ministry of Education. The judges say the winning transaction solved a capital market holy grail in monetising government cash flows, while also mitigating interest rate risk. It also provided an intergenerational solution that may serve as a precedent for similar treaty settlement outcomes...... waateanews.com/2023/05/29/ngati-toa-school-deal-a-winner/
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