| Hastings ratepayers benefit from low interest rate |
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| Tuesday, 26 June 2012 07:37 |
 Hastings ratepayers will benefit after council secured a very favourable interest rate on a loan from the newly created Local Government Funding Agency (LGFA).
A $15m, seven year loan to fund Council’s infrastructure and capital works programmes and renew existing borrowings has been secured at a margin that is significantly lower than council would have achieved, had it gone to the capital markets in its own right. Share this post
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