SBS launches 10-year capital bond

Sun, 01 Oct 2017

By Rebecca Howard Oct. 2 (BusinessDesk) - SBS Bank, the country's biggest building society, has launched a 10-year capital bond for New Zealand investors. The 10-year subordinated redeemable share has an initial interest rate of 6.75 percent until Oct 31, which is fixed for the first five years, then a quarterly floating rate will apply. The minimum investment is $10,000 and the bond will be available from today. "The purpose of this offer is to support continued growth and the money raised under this offer will be treated by us as Ti...

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