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How the NZX's top 50 companies got through the worst of Covid stress

How the NZX s top 50 companies got through the worst of Covid stress
16 Mar, 2021 04:00 PM
5 minutes to read
The NZX s top 50 companies leaned heavily on bank support to get through the Covid crisis. Photo / Supplied
The NZX s top 50 companies leaned heavily on bank support to get through the Covid crisis. Photo / Supplied
A large number of New Zealand s top 50 listed companies tapped up their banks for financial support through covenant waivers and facility limit increases during the worst of the nationwide Covid lockdown last year.
But
many didn t end up needing it as revenues recovered much faster than they expected, a report by law firm Chapman Tripp has revealed. ....

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Bond issues on hold as firms wait and see

Banks are being supportive so far but it can’t go on forever, Chapman Tripp says. ....

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