Kiwibank Limited
Applicant
Kiwibank Limited
The Arrangement is the issue by Kiwibank Limited of perpetual preference shares (PPS) of up to $275 million in 2024. The PPS will be issued directly to investors by way of a public offer, such that they are recognised as Additional Tier 1 capital in accordance with the relevant requirements of the Reserve Bank of New Zealand’s BPR110 Capital Definitions.