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Term Sheet

15/08/2022 12:23p.m.
NZ/AU Markets   
Exchange Traded Funds   
NZ Fixed interest   
New Issues
Cash Management Trust Account
Issuer TrustPower Limited
Business of the Issuer TPW is New Zealand's fifth largest electricity generator (in terms of MW capacity, GWh output and revenue) and the fourth largest electricity retailer (in customer numbers) in New Zealand. TPW operates a multi-product retail business in New Zealand, including electricity, gas and telecommunications products with 268,000 electricity customer connections, 38,000 gas customer connections and 94,000 telecommunications customer connections.
Instrument Unsecured, unsubordinated, fixed rate bonds.
NZDX Code TPW150
Ranking Unsecured, unsubordinated
Issue Size $127.73m
Maturity Date 15 December 2022
Coupon Rate 4.01%
Credit Rating Not Rated
Maturity Mechanism Cash on Maturity.
Payment Frequency Quarterly
Coupon Payments Quarterly payments on 15 March, 15 June, 15 September and 15 December.
Minimum Holding 5,000
Minimum Parcel Size 1,000
Registry Computershare Investor Services Limited

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.

Read full disclaimer https://www.jarden.co.nz/disclaimer/