NZ debt market well up on last year

The amount raised on the New Zealand stock exchange debt market has topped $1 billion for the year so far, putting activity well ahead of the same time last year.

NZX said yesterday a new issue of debt for investment firm Babcock & Brown brought the aggregate amount raised on the debt market this year to $1.24 billion.

That was 37 per cent ahead of the amount for the first half of last year.