
News
Care needed with unsecured debt
Wednesday 23rd of April 2014
The offer had been touted as for $300 million of $1 debt securities and up to $100 million of oversubscriptions. Brent Sheather, of Private Asset Management, said he was not surprised the bank had managed to get the full $400 million.
The 6.65% interest rate applies until a potential call date on June 15, 2019. Interest will be paid quarterly, in arrears.
Sheather said: “Banks are...
Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.
Latest News
3 min read
2 min read
3 min read
3 min read
3 min read
Latest Comments