News

Beware the bank bond offers

Wednesday 4th of June 2014

Grosvenor Financial Services chief investment officer David Beattie said banks were no longer reliant on building the retail deposit base.

However, he warns about the new wave of corporate bonds being offered to investors and was particularly critical of Kiwibank’s recent subordinated bond offer.

The offer, made by bank subsidiary Kiwi Capital Funding, aimed to raise $100 million....

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