Kiwibank prepares offer of up to NZ$150m subordinated notes

On November 1 Kiwibank (A+/Aa3) announced it is preparing the offer of up to NZ$150 million (US$123 million) of subordinated notes that will be structured to be recognised as T2 regulatory capital. Craigs Investment Partners is acting as arranger, and along with Kiwibank is also joint lead manager on the deal.