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.