NZX announced today the issue of $50 million preference shares for Strategic Finance, the eighth listing on the NZDX Market this year.
Strategic Finance Limited said the offer was oversubscribed by 25%, with strong levels of interest from retail investors and selected institutions.
NZX Head of Products, Geoff Brown said, “The healthy level of oversubscriptions for this offer confirms the market appetite for listed fixed interest instruments.”
The NZDX is New Zealand 's trading market for debt securities, providing a primary market facility where investors can buy newly-issued debt securities from the issuer and a secondary market where investors can buy and sell debt securities through NZX Advisors.
In the first half of 2007 capital raised on the NZDX Market was $1.16 billion.
The Strategic Finance preference shares were quoted on the NZDX Market under the security code SFLHA from 10am today.
