Thursday 7th March 2024 |
Text too small? |
Books closed for retail bond offer
Spark Finance Limited has announced that, following a bookbuild for its offer of two series of unsecured, unsubordinated fixed rate bonds (the 2029 Bonds and the 2031 Bonds, and together the Bonds), the issue size of the offer has been set at NZ$300 million. The allocations across the two series of Bonds are:
• NZ$125 million of 2029 Bonds; and
• NZ$175 million of 2031 Bonds.
All of the Bonds, including oversubscriptions, under the offer have been allocated to the participants (or their clients) in the bookbuild process. There was no public pool for the offer.
The issue margins for the Bonds have been set at:
• 0.85% per annum for the 2029 Bonds; and
• 1.10% per annum for the 2031 Bonds.
The interest rates for the Bonds will be announced later today, with the final terms sheet released shortly thereafter.
For further details investors can contact the Joint Lead Managers (details below) or their usual financial advice provider.
Joint Lead Managers
ANZ: 0800 269 476
CBA: 0800 272 266
Westpac: 0800 772 142
- ENDS –
Authorised by:
Chante Mueller
Head of Investor Relations & Insurance
For more information please contact:
For media queries:
Althea Lovell
Corporate Relations Lead Partner
(64) 21 222 2992
althea.lovell@spark.co.nz
For investor queries:
Chante Mueller
Head of Investor Relations & Insurance
(64) 27 469 3062
chante.mueller@spark.co.nz
About Spark
As New Zealand's largest telecommunications and digital services company, Spark’s purpose is to help all of New Zealand win big in a digital world. Spark provides mobile, broadband, and digital services to millions of New Zealanders and thousands of New Zealand businesses.
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