News

FMA warns on bank notes

Friday 24th of April 2015

A number of issues have taken place over recent months, including Kiwibank’s perpetual capital notes and ASB’s unsubordinated debt securities. In the past 12 months, about $1 billion has been raised through bank capital notes in New Zealand.

Advisers suggested it was likely more banks would issue notes as they looked to bolster their capital. 

The FMA said it had noticed the...

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