NZX to raise up to $40M in subordinated notes to repay debt, provide corporate funding

Tue, 15 May 2018

By Jonathan Underhill May 15 (BusinessDesk) - NZX, New Zealand's securities market operator, plans to raise as much as $40 million via the sale of subordinated notes that mature in June 2033 to repay existing bank debt and for general corporate purposes. The interest rate is to be set around May 17 and the offer will open on May 28, according to its product disclosure statement (PDS). Brokerage Forsyth Barr is the arranger and joint lead manager and has been appointed as a "facility agent" to operate a "retail liquidity support facility"...

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