BNZ lodged a prospectus this week for a proposed issue of perpetual non-cumulative, tier one shares. Oversubscriptions may also be accepted.
BNZ plans to use the money raised through the hybrid securities for general corporate purposes.
The offer is part of National Group's ongoing capital management programme and consistent with BNZ's aim to maintain a strong capital position.
« Capital rules about to hit | Rates Round Up » |
Special Offers
© Copyright 1997-2024 Tarawera Publishing Ltd. All Rights Reserved