Rate Sheet | Direct Broking

Issuer	Bank of China NZ Limited
Business of the Issuer	Bank of China (New Zealand) Limited (BOCNZ), a registered bank in NZ since 2014, which falls under the regulatory framework of the Reserve Bank of NZ (RBNZ). BOCNZ is a wholly owned subsidiary of Bank of China Limited (BOC), which is subject to the regulatory oversight by the China Banking Regulatory Commission.
Instrument	Unsecured, unsubordinated, fixed rate bonds.
NZDX Code	Not Listed
Ranking	Unsecured, unsubordinated
Issue Size	$200m
Maturity Date	17 October 2022
Coupon Rate	4.09%
Credit Rating	A
Maturity Mechanism	Cash on maturity.
Payment Frequency	Semi-annually
Coupon Payments	Semi annually on 17 April and 17 October until maturity.
Minimum Holding	5,000
Minimum Parcel Size	1,000
Registry	Computershare

Jarden Securities Limited (“us”, “we” or “our”) owns and operates the Direct Broking platform and service. We have compiled this fixed interest term sheet (“Term Sheet”) for your information purposes only. We have provided this Term Sheet to you in good faith and have prepared it using our own views, external sources, material, systems and other information that we believe to be accurate, complete and reliable at the time of preparation, but the accuracy, correctness and completeness cannot be guaranteed. We make no representation or warranty, express or implied, as to the accuracy, correctness or completeness of the information contained within this Term Sheet, and nothing shall be deemed to constitute any representation or warranty. To the fullest extent permitted by law, we shall not be liable or responsible for any error or omission.

This Term Sheet is not to be relied upon as a basis for making any investment decision. This Term Sheet does not take into account your particular financial situation or goals, and does not, therefore, constitute personalised financial advice under the Financial Advisers Act 2008, nor does it constitute advice of a legal, tax, accounting or other nature. Please consult your adviser in relation to any investment decision. To the fullest extent permitted by law, we shall not be liable for any decision made or action taken by you or a third party based on, or in reliance on, any information contained in this Commentary.

We and our related and associated companies, directors, employees may have an interest in the bonds mentioned in this Term Sheet, including but not limited to financial. We are an NZX Firm. A disclosure statement is available on request.

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