|        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Wednesday, July 15th, 9:32AM


Latest Headlines

World Bank NZ retail offer closes

The World Bank closed its New Zealand retail notes offer on Friday 11 July, raising the target issue amount of $100 million.

Tuesday, July 15th 2008, 10:06AM
The interest rate for the notes was set on Monday 14 July at 7.0625%.

It is the first time a bond issue for a supranational issuer has been offered domestically to the retail public, said Rod Smith, head of debt capital markets at Westpac Institutional Bank.

"In addition to raising funding, the World Bank was able to inform the New Zealand public of the extent and quality of its work to facilitate positive social and economic change around the globe and we are proud to have been involved in facilitating this socially responsible investing," he said.

The issuer is International Bank for Reconstruction and Development (IBRD), part of the World Bank Group. The notes are senior unsecured obligations of IBRD. The minimum holding of notes is $5,000.

« Instant Finance says it's OKCompare PIE fund rates »

Special Offers

Commenting is closed



Printable version  


Email to a friend
Today's Best Bank Rates
Heartland Bank 1.00  
Heartland Bank 1.00  
Rabobank 1.00  
Based on a $50,000 deposit
More Rates »
News Bites
Latest Comments
  • Petition calls for end to 'tax unfairness'
    “Just to clarify, I did get some responses to my letters to 26 KiwiSaver Scheme CEOs asking for industry support back in...”
    10 hours ago by Rachelle Bland
  • [The Wrap] Dealer group land like a game of Risk
    “Excellent. I've said for a long time that Dealer Groups were a necessary evil. Especially to the new entrant into the...”
    2 days ago by BayBroker
  • Harking back to the old days
    “Tactical move by CIGNA and looks like they have a lot of bench strength now in sales, underwriting and product / pricing...”
    5 days ago by hitting rock
  • Greens want ACC extended to cover sickness
    “Never happen. The Greens are such an aspirational bunch. Must all the weed. They 'want' all sorts of unlikely things...”
    5 days ago by All hat no cattle
  • Harking back to the old days
    “Really positive news. NZ has been blessed by many successful leaders and it is good that their skills can skill be utilised...”
    5 days ago by Francis L
Subscribe Now

Deposit Rates newsletter

Previous News


Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
Site by Web Developer and