RBNZ action forcing Kiwibank bond cancellation questioned
All banks will be concerned about their quasi-equity instruments.
A leading banking academic says the Reserve Bank is treating Kiwibank in an apparently capricious manner.
In mid-March, Kiwibank was suddenly forced to cancel a $A175 million bond sale on the eve of settlement after the central bank informed it that its existing capital notes don’t comply with
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Jenny Ruth
Mon, 03 Apr 2017
Mon, 03 Apr 2017
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RBNZ action forcing Kiwibank bond cancellation questioned
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