The pricing of the capital raising will favour existing shareholders.
Kiwibank had the lowest tier 1 capital ratio at June 30 of all registered banks, at 11.9%, so it is no surprise it has decided to raise capital.
Kiwibank's strong lending growth, and new RBNZ capital rules, made it obvious it would need more capital.
Vital Healthcare Property Trust's manager is promising further progress on its funding structure ahead of its first-half results.
The Property Council says the proposed change to the Property Law Act will have unintended consequences.
Harbour sees the global bond fund as complementary to the global equities fund it already offers.