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New Zealand Post to sell up to $150 mln notes
New Zealand Post to sell up to $150 mln notes
Feb. 3 – New Zealand Post, the state-owned postal service and owner of Kiwibank, plans to sell as much as NZ$200 million of subordinated notes to repay existing debt.
NZ Post, which has an AA- credit rating, will sell NZ%150 million of the notes with potential to accept up to NZ$50 million of oversubscriptions. The offer is expected to open in mid-March and close the following month.
(Businesswire)
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