Westpac Banking's (NZE:WBC, ASX:WBC) New Zealand unit, via the New Zealand government's Gas Transition Loan Guarantee Scheme, offered businesses discounted lending and extended repayment terms of up to ten years to finance a transition away from reticulated gas, according to a Friday statement from the bank.
Applications for the discounted lending are open on a first-come, first-served basis for eligible businesses, Westpac NZ said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.