Summerset chairman Rob Campbell said the response from New Zealand and international institutions and retail brokers had been “extremely positive.”

Another shakeup is looming for the country’s share broking and investment banking scene, with Deutsche Bank understood to be eying a stake in local firm Craigs Investment Partners.

Craigs has already seen plenty of change in the last ten years.

Deutsche Bank plans to buy a 49.9% stake in Craigs Investments Partners, the largest retail broking firm in New Zealand.

The deal comes one year after Craigs’ management bought back the business from Dutch bank ABN Amro.

Craigs’ managing director Frank Aldridge said the tie up was a positive step for the company. No sale price has been disclosed.

A new social infrastructure fund could eventually be listed on the stock exchange if it is successful in raising $125 million from a public share offer.

Craigs Investment Partners and Morrison and Co have launched the fund to invest in the government's public-private partnership vehicle, Public Infrastructure Partners (PIP).

PIP has been set up to build social infrastructure projects such as prisons, schools and hospitals and already has $100 million invested from the New Zealand Superannuation Fund.

The Warehouse says it is considering raising up to $100 million of senior bonds through a public offer likely to open late next month.

The general merchandise retailer would use the proceeds for general corporate purposes, which could include paying down debt, reinvestment, acquisitions or funding a return of capital to shareholders.

The company has yet to issue a prospectus and no money is currently being sought. Further details, including likely interest rates for the five year bonds, would be released when the company reports its half year results on March 12.