New Zealand Post to sell up to $150m notes

Tuesday 3rd February 2009

New Zealand Post, the state-owned postal service and owner of Kiwibank, plans to sell as much as NZ$200 million of subordinated notes to repay existing debt.

NZ Post, which has an AA- credit rating, will sell N$150 million of the notes with potential to accept up to $50 million of oversubscriptions. The offer is expected to open in mid-March and close the following month.

By Jonathan Underhill

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

EROAD Appoints New Director Progressing Board Renewal
OCA delivered record full year result
BLT - Strong revenue and underlying earnings growth
MFB - Food Bag reports full year profitability up 5.3%
TWR - Tower reports strong HY earnings
IPL - FY26 Annual Results
May 21st Morning Report
May 20th Morning Report
May 19th Morning Report
PYS - PaySauce to announce F26 full year results on 27 May 2026