Monday 3rd May 2010 |
Text too small? |
Kiwibank's $150 million preference share issue is set to pay investors an initial dividend of 8.15%.
The shares, issed by a related company called Kiwi Capital Securities, closed fully subscribed at the end of last week.
The dividend payments will be made up of a cash payment and, to the extent available, imputation credits attached to the cash payment. The cash payment will be a proportion of the dividend rate.
The money raised will be used to provide tier 1 capital to Kiwibank.
ANZ National Bank acted as Arranger for the offer. The Joint Lead Managers for the offer were ANZ National Bank Limited and Kiwibank Limited and the Co-Managers were Craigs Investment Partners Limited and Forsyth Barr Limited.
No comments yet
EBOS announces appointment of new Chief Financial Officer
AM Best affirms Tower Limited's A- (Excellent) FSR
MCK enters into conditional agreement for Whangarei land
April 26th Morning Report
SPG - Change to Executive Team
BGI - Forgiveness of $200,000 of secured indebtedness
General Capital Subsidiary General Finance Market Update
AFT,Massey Ventures,Gilles McIndoe to develop scar treatmen
April 24th Morning Report
Cheers to many fewer grape harvest spills