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The issue from PINs, and that of $20 million of Capital Notes from NZ Finance Holdings Limited on Wednesday, brings total capital raised on the NZDX to over $2.3 billion for the year to date.
Throughout 2006 there have been over 25,000 trades on the NZDX Market, 15% higher than the same period last year, with over $1.5 billion in value traded.
NZX Markets Development Manager, Geoff Brown said, “Throughout 2006 we have seen a significant increase in the range of debt products available on the NZDX market. This is positive for investors who have access to a greater number of investment opportunities, for the companies who have access to capital to fund their growth and for the New Zealand markets overall.”
The PINs securities will be quoted on the NZDX Market under the security code PNZFB from 10am today.
