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Potential Preference Share Issue By ASB Capital


Potential Preference Share Issue By Asb Capital Limited

Statement made by Peter Hall, Head of Institutional Banking, ASB Bank Limited

ASB Capital Limited, a member of the Commonwealth Bank Group, is currently investigating the opportunity to issue Preference Shares. The issue would be at least 150 million shares of NZ$1.00 each. The preference shares would be perpetual and non redeemable. Any funds raised would be used to support ASB Bank’s ongoing growth in personal, business and rural banking.


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