$100m reserved for bookbuild clients
Kiwibank’s capital note offer has been well-received by investors, it said today.
Wednesday, May 14th 2014, 3:15PM
Kiwi Capital Funding confirmed the whole $100 million of unsecured subordinated capital notes on offer had been reserved for clients of participants in the bookbuild process.
The margin is 2.15% per annum and the interest rate will be 6.61% per annum for the first five years.
The offer opens tomorrow and closes June 3.
Investors will be paid early-bird interest on the Capital Notes at 6.61% per annum from the time their application money is banked.
| « $400m of NZ bonds on offer this week | NZDMO tweaks programme » |
Special Offers
Comments from our readers
No comments yet
Sign In to add your comment
|
|
Printable version |
|
Email to a friend |
