Friday 27th March 2009 |
Text too small? |
The sale of the three-year notes follows a roadshow in the US. The notes mature on 2 April 2012 and have a cost of approximately 2.5% over the New Zealand wholesale curve inclusive of the guarantee fee and other conversion costs, the bank said in a statement.
"The level of support for this offer is very encouraging for the Bank and is also significant for New Zealand as a whole," chief executive Graham Hodges said. The sale is a reassuring sign of confidence in the New Zealand economy, he said.
The notes are expected to have a rating of AA+ with 'negative' outlook at Standard & Poor's.
No comments yet
NZAS Sign Long Term Contracts
Amended - IFT230 Maturity and Exchange for IFT350
Synlait forecast milk price update
Chorus submits 2023 fibre regulatory report
Infratil Infrastructure Bond Exchange Offer opens
May 31st Morning Report
NZAS and Mercury sign long-term agreement, creating opportunity for future investment in renewables
Meridian and NZAS sign long term contracts
ArborGen Holdings Results for Year Ended 31 March 2024
BAI - Full unaudited results to 31 March 2024