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Kina Securities Ltd. ( (AU:KSL) ) has shared an update.
Kina Securities Limited has announced an inaugural unsecured subordinated bond issue in Papua New Guinea, to be listed on the PNGX Debt Market and structured to qualify as Tier 2 Capital under local prudential standards. The PGK 235 million bond, with a 10-year maturity and 7.55% fixed coupon paid semi-annually, is aimed at strengthening the group’s capital base for general corporate purposes while deepening PNG’s domestic debt market.
The offer is restricted to wholesale and institutional Eligible Investors as defined under PNG’s capital markets regime, including licensed financial institutions, large corporates, high-net-worth individuals, superannuation funds, and fund managers. The bonds will rank behind senior and other unsubordinated creditors, carry a PGK 50,000 face value with a PGK 250,000 minimum investment, and include early redemption options after five years upon events such as default, change of control, or regulatory changes affecting their Tier 2 Capital treatment.
The most recent analyst rating on (AU:KSL) stock is a Buy with a A$1.57 price target. To see the full list of analyst forecasts on Kina Securities Ltd. stock, see the AU:KSL Stock Forecast page.
More about Kina Securities Ltd.
Kina Securities Limited operates as a financial services group in Papua New Guinea, primarily through Kina Bank. The company focuses on banking and capital markets activities, and its securities are listed on both the PNGX and ASX, positioning it as a key participant in the country’s developing debt and equity markets.
Average Trading Volume: 234,332
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$354.5M
Learn more about KSL stock on TipRanks’ Stock Analysis page.