Kiwibank's shareholders shore up its capital with $247 million injection
Kiwibank says it's sure its quasi equity is kosher.
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Kiwibank’s shareholders aren’t waiting for the Reserve Bank to make up its mind about the validity of its quasi equity and have decided to pour in $247 million in new equity.
New Zealand Post, the New Zealand Superannuation Fund and ACC will each contribute in proportion to their shareholdings,
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Jenny Ruth
Fri, 07 Apr 2017
Fri, 07 Apr 2017
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Kiwibank's shareholders shore up its capital with $247 million injection
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