[QUOTE=midas;318838]Additionally,
Originally Posted by Direct Broking Website;

If the holder requests a higher rate than the rate set in the remarketing process, then the holder will be entitled to require Downer to repurchase or resell their holding. If Downer repurchases the securities, it will have the option to redeem in cash or equivalent value of shares in Downer
Silverlight
In effect as the WKS010 mature 3 months before WKS020, you could request a higher rate, and have your holding bought back, or converted in DOW shares. Would like to see how the prosepctus words this, anyone have a copy or a link?


You can download a copy from
www.companies.govt.nz
by searching the company and viewing a file "WORKS infrastructure finance (NZ) Limited Memorandum of amendments dated 15 March 2007". It is a large file 4.5 MB thus cannot be loaded on the forum.

The recent decrease in price may be linked to the collapsed South Canterbury Finance (preference shares) and the earthquales in Christchurch (need money now).