Kiwibank to issue NZ$100 million of tier one perpetuals
- Wednesday, 10 March 2010
In a March 10 announcement, Kiwibank (AA-) said it was "considering" making an offer of up to NZ$100 million (US$70.55 million) – with room for an upsize of up to a further NZ$50 million – of perpetual callable preference shares, which will provide the bank with tier one capital. Market sources say the transaction is likely to open in April with ANZ as lead arranger.
