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Capital raised on the NZDX Market passes $500 million mark

Infonews Editor

Thursday 19 April 2007, 7:40PM

By Infonews Editor

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New Zealand Exchange Limited (NZX) announced today the issue of $60 million of Redeemable Preference Shares for Rural Portfolio Capital Limited on the NZDX Market.



Today’s Rural Portfolio Capital debt listing takes the total capital raised on the NZDX Market year to date over $500 million, and the number of debt issuers to 49.



NZX Markets Development Manager, Geoff Brown said, “The continued growth of the New Zealand Debt Market is an important part of market development in New Zealand, providing a wider range of tradeable securities for the New Zealand investing public.”



In the first quarter of 2007, total capital raised on NZX Markets reached $1.072 billion.



The Rural Portfolio Capital debt securities were quoted on the NZDX Market under the security code RPC010 from 10am today.