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- Release Date: 28/04/14 18:04
- Summary: GENERAL: KCS: Kiwi Capital Funding Limited Considers Capital Note Offer
- Price Sensitive: No
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KCS
28/04/2014 16:04
GENERAL
REL: 1604 HRS Kiwi Capital Securities Limited
GENERAL: KCS: Kiwi Capital Funding Limited Considers Capital Note Offer
MEDIA RELEASE
28 April 2014
KIWI CAPITAL FUNDING LIMITED CONSIDERS CAPITAL NOTE OFFER
Kiwi Capital Funding Limited (KCFL) is considering making an offer of up to
$100 million of unsecured subordinated Capital Notes to the New Zealand
public. Proceeds of the offer of Capital Notes will be used to invest in
convertible subordinated bonds to be issued by Kiwibank Limited (a related
company of KCFL), which will help Kiwibank meet its regulatory capital
requirements under the Reserve Bank's Basel III framework. The Capital Notes
will not be guaranteed by Kiwibank or New Zealand Post or any other person.
Interest in the offer may be registered by contacting one of the Joint Lead
Managers to the offer (listed below) or your usual financial adviser.
- Deutsche Craigs Limited 0800 226 263
- Forsyth Barr Limited 0800 367 227
Once registered, you will receive a copy of the Investment Statement when it
becomes available.
It is expected that the offer of Capital Notes will be made in the week
commencing 5 May 2014.
No money is currently being sought and no applications for Capital Notes will
be accepted or money received unless the subscriber has received an
Investment Statement. Indications of interest will not involve an obligation
or commitment of any kind.
ENDS
Enquiries:
Bruce Thompson (Communications Manager) 04 460 6831
End CA:00249818 For:KCS Type:GENERAL Time:2014-04-28 16:04:52
