This is Hellaby's first NZDX raising. They are already listed on the NZSX and ABN Amro Equity Derivatives NZ Limited has a Hellaby's third party warrant listed. They are the ninth new debt listing this year, taking the amount raised on the NZDX for 2006 to $1.38 billion, $16 million more than what was raised in the first 10 months of 2005.
“Hellaby's is a great example of a company making smart use of one of the options it has to raise additional capital once listed,” said Geoff Brown, NZX Head of Products. “A debt raising is a low cost, effective further way to fund growth for the company. It also gives the NZX investors another means of investing into good reputable companies.”
Hellaby's debt securities will be quoted on the NZDX Market under the security code HBY010 from 10am today.