Babcock and Brown is a new NZDX Listed Issuer and has raised $225 million with the offer being fully subscribed. It is the seventh new debt listing this year and it further cements the attractiveness of the debt market as the investment community searches for reliable and transparent opportunities.
“Investors and NZX will support companies who choose to list with us,” said Geoff Brown, NZX Head of Products. “The transparency, liquidity and the continuous disclosure requirements that the regulated market provides is appealing to those who want a quality investment.”
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 Babcock & Brown securities will be quoted on the NZDX Market under the security code BNB010 from 10am today.