Announcement
OFFER: BNZ: BNZ fixed rate notes offer: bookbuild update
11:13am
BNZ
24/01/2020 11:13
OFFER
NOT PRICE SENSITIVE
REL: 1113 HRS Bank of New Zealand
OFFER: BNZ: BNZ fixed rate notes offer: bookbuild update
Exchange announcement
24 January 2020
BNZ fixed rate notes offer: bookbuild update
On 21 January 2020, Bank of New Zealand (BNZ) announced that it is offering
up to NZ$100 million of a new series of unsecured unsubordinated fixed rate
notes with a maturity date of 29 January 2025 to New Zealand retail investors
and to certain institutional investors, with the ability to accept unlimited
oversubscriptions at its discretion.
More information on the offer is contained in the Terms Sheet which was
attached to the launch announcement on 21 January 2020.
The bookbuild process is underway. The indicative margin set out in the
launch announcement and in the Terms Sheet was 0.80-0.85% per annum. Based
on investor interest, the indicative margin is revised to 0.83% per annum.
The margin will be announced by BNZ shortly after the completion of the
bookbuild process.
Bids are due by 2pm NZT, today (24 January 2020).
Ends
For further information, please contact:
Neil Bradley, Treasurer, BNZ
T. 09-976-5020, E. neil_bradley@bnz.co.nz
End CA:00347544 For:BNZ Type:OFFER Time:2020-01-24 11:13:14
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