Rabo Capital Securities sets margin on PIE Capital Securities
29-4-2009 | Other news
Rabo Capital Securities Limited (Rabo Capital) today announced the margin on its offer of PIE Capital Securities to New Zealand investors had been set at 3.75% p.a. following a very successful bookbuild process.
Rabo Capital intends to cap the offer size at NZ$330 million. NZ$295 million of PIE Capital Securities have been allocated on a firm and reserved basis through NZX participants and to institutional investors. Rabo Capital will also provide for a public pool of NZ$35 million.
The Dividend Rate for the period until June 18, 2014, incorporating this margin and the swap rate, will be set on May 25, 2009. (If the Dividend Rate had been set today it would be 8.53% per annum for the first five years. The actual Dividend Rate may differ from this indicative rate but will not be less than 8% per annum.)
Contact
Get in touch with the
IR Office by phone or use the form provided.
