The BNZ Income Securities perpetual shares pay a coupon of 9.89%, the highest of any hybrid security traded on the NZX Debt Market.

UPDATED Treasurer Tim Main declines to give a cash earnings figure, but indicates the net interest income growth is a good indicator of how the bank tracked in the quarter.

Bank of NZ chief financial officer Ken Christie will return to Australia for NAB post.

Pyne Gould Corporation has secured a stock exchange waiver to forego shareholder approval to acquire bank debt owed by its Epic infrastructure fund to assist a sell down of its assets.

BNZ will be back in the wealth management game in a big way if its parent company National Australia Bank’s surprise deal to buy Axa Asia Pacific goes through.

Earlier this week AMP and Paris-based Axa SA, which owns 53% of Axa Asia Pacific, boosted their offer for Axa Asia Pacific from A5.34 to A$6.22 per share, putting the company’s value at A$12.85 billion.

But NAB has come from nowhere with a bigger bid, announcing yesterday it had agreed to a deal to buy Axa Asia Pacific’s Australia and New Zealand assets for A$13.29 billion.

Transtasman consumer food company Goodman Fielder has raised $A500 million from a syndicated loan facility.

The dual-listed company (GFF) signalled the move at its annual results presentation, but announced the forward start loan today.

The company said its multi-currency, revolving loan facility was oversubscribed and the move effectively extended the maturity of the majority of its existing $A700 million syndicated loan facility by an additional two years.