Consumers are being warned to make sure they know what they’re doing if they invest in bank capital notes.
A number of issues have taken place over recent months, including Kiwibank’s perpetual capital notes and ASB’s unsubordinated debt securities. In the past 12 months, about $1 billion has been raised through bank capital notes in New Zealand.
Advisers suggested it was likely more banks would issue notes as they looked to bolster their capital.
The FMA said it had noticed the increase in the number of banks offering capital notes but consumers needed to be sure they understood what they were investing in...MORE»
Tuesday, April 21st, 11:03AM
Kiwi Capital Funding is to offer $150 million of perpetual capital notes to the public.MORE»
Monday, April 20th, 2:08PM
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Kiwibank's sister company Kiwi Capital Funding Limited is considering making an offer of up to $150 million of perpetual capital notes to the New Zealand public.MORE»
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