NZX Operating Metrics released today show debt raised in the first quarter of 2009 up 87% on 2008, with over $1.2 billion raised on the NZDX Market year to date.
Capital raised on NZX Markets in the first quarter of 2009 was up 67% on the same period last year at $1.4 billion.
There was over $1 billion of debt raised in March, including $800 million raised by Fonterra, $150 million raised by Auckland City Council and $81.7 million raised by Tower Capital Limited. Total trades on the NZDX Market were up 89% in the month of March and up 13% over the first quarter of 2009.
NZX Markets Development Manager, Geoff Brown said, “It is great to see companies use the NZDX Market to raise capital in this environment where the traditional sources of capital are in many cases constrained. Investors are also increasingly recognising the benefits of investing in securities listed on the NZDX Market, such as having the ability to trade and having access to transparent information on their investment.”
There has been $140 million of equity raised year to date, and there is a strong listings pipeline for secondary capital raising through Q2.
View the full NZX Operating Metrics for March 2009 and Q1 2009 at the following link:
http://www.nzx.com/about_nzx/investor_relations
