Rabobank to return to NZ hybrid market with PIE deal
- Tuesday, 14 April 2009
Rabobank Nederland (Rabobank) is seeking indications of interest for a return to the New Zealand hybrid market, with the issuer planning to use the portfolio investment entity (PIE) structure to offer favourable tax treatment to retail investors. The PIE Capital Securities will be issued by a special purpose entity, Rabo Capital Securities, established in New Zealand as a subsidiary of Rabobank.
