$100m reserved for bookbuild clients
Kiwibank’s capital note offer has been well-received by investors, it said today.
Wednesday, 14 May 2014
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.
Comments from our readers
No comments yet
Sign In to add your comment
Weekly Updates including news and commentary
Today's Best Bank Rates
Today's Top 5 Deposit Rates
Find a Rate
Cash PIE Rates
3 July 2017
21 June 2017
6 June 2017
4 May 2017
10 April 2017
Disclaimer - Every possible effort has been made to keep the information in the tables and on this site as accurate as possible, however, neither the publisher, Tarawera Publishing, nor anyone engaged to compile the rates and this site accept any liability for inaccuracies or any loss suffered as a result. It is strongly advised that readers check loan details with providers. The full terms and conditions of this site can be found here.
© Copyright 1997-2021. Tarawera Publishing Ltd. All Rights Reserved.