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
PaySauce Quarterly Market Update - September 2024
October 2nd Morning Report
Rua Releases Annual Report for Year Ended 30 June 2024
SCL - Settlement of orchard sales
The Warehouse Group 2024 ASM and Director Nominations
AIR - Update on Chief Operational Integrity and Safety Officer
Comvita Limited - Annual Report 2024
September 27th Morning Report
Spark announces departure of Finance Director
FBU - Retail Entitlement Offer Opens