Euro-kiwi issue
PA Wellington Fay, Richwhite and Company said yesterday its United Kingdom subsidiary had organised another New Zealand dollar bond issue on the Euro market. The issue was for $5O million, raised by Indosuez Australia, Ltd, a whollyowned subsidiary of French banking group, Banque Indosuez. Fay, Richwhite said it was the fourth Euro-kiwi issue it had organised this year, and the second in the last two weeks, reflecting a rise in investor confidence in the market for New Zealand
cu rrency-denominated debt. Fay, Richwhite’s British chief executive, Mr Guy Williams, said the other recent lead-managed issue — for SNZ4OM for Canadian Imperial Bank of Commerce — received an excellent response from investors and was now trading well inside fees. The maturity date of the Indosuez issue is August 2, 1991, and is the first two-year maturity since October last year. It has an issue price of $101.90 (for every $100) and total fees were 1 1/4 per cent of the principal amount.
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Press, 28 June 1989, Page 39
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161Euro-kiwi issue Press, 28 June 1989, Page 39
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