Credit SaILS is a new NZDX Listed Issuer and is the eighth new debt listing this year. The amount raised on the NZDX for 2006 has reached $1.33 billion, 38% more then the first half of 2005 and 8% more then the second half of 2005.
“We welcome Credit SaILS to the Debt Market,” said Geoff Brown, NZX Head of Products. “We have seen tremendous growth in debt listings and trade figures this year. Additional debt raisings will ensure this trend continues.”
The total value traded in the NZDX for May was $190 million, a 61% increase on the total traded in May 2005. There was also a significant improvement in the number of trades; there were 3,077 in May this year compared to 2,249 for the same month last year.
The Credit SaILS securities will be quoted on the NZDX Market under the security code CSAFA from 10am today.
