Announcement

OFFER: BNZ: BNZ fixed rate notes offer closes 03:49p.m. 
BNZ  
24/01/2020 15:49  
OFFER  
NOT PRICE SENSITIVE  
REL: 1549 HRS Bank of New Zealand  
 
OFFER: BNZ: BNZ fixed rate notes offer closes  
 
Exchange announcement  
 
24 January 2020  
 
BNZ fixed rate notes offer closes  
 
Bank of New Zealand (BNZ) confirmed today that the issue size for the offer  
of a new series of unsecured unsubordinated fixed rate notes maturing on 29  
January 2025 (Notes) has been set at NZ$500,000,000.  
 
The margin for the Notes has been set at 0.83% per annum and the interest  
rate has been set at 2.16% per annum.  
 
All of the Notes have been allocated to intermediaries for distribution to  
their clients and there is no public pool available.  
 
The Notes will be issued on 29 January 2020. The Notes are expected to be  
quoted on the NZX Debt Market under the ticker code BNZ140.  
 
More information on the offer is contained in the Final Terms Sheet which is  
attached.  
 
Ends  
 
For further information, please contact:  
 
Neil Bradley, Treasurer, BNZ  
T. 09-976-5020, E. neil_bradley@bnz.co.nz  
End CA:00347547 For:BNZ Type:OFFER Time:2020-01-24 15:49:51  

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