
News
BNZ lowers rate on share offer
Thursday 27th of March 2008
The company originally advertised that the rate for the period to March 28, 2013 would be 10.22%, but has lowered it due to a falling five-year swap rate which is used as the benchmark to set the rate.
BNZ Income is seeking to raise between $350 million and $700m, and currently has around $420 million.
ANZ National currently has a similar offer in the market which will also be priced...
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