In this section
ASB Bank
3.09% 29 Jun 2012/29 Jun 2017
| Indicative market yield (% pa) | N/A |
| Indicative market price (%) | N/A |
| Issuer | ASB Bank |
| Amount on issue (NZ$m) | 250.0 |
| Issuer type | Financial institution |
| Description | Subordinated Callable Bond |
| Security ranking | Subordinated |
| Assumed maturity date | 29 Jun 2012 |
| Legal maturity date | 29 Jun 2017 |
| Credit rating | A- |
| Current coupon | 3.09 |
| Coupon type | Floating Quarterly |
| Next coupon reset date | 29 Dec 2012 |
| Coupon reset at | 3m BKBM plus 0.25 |
| Election/Conversion date | N/A |
| First & future call dates | 29 Jun 2012 |
| Margin reset date | 29 Jun 2012 |
| Margin reset | 3m BKBM plus 0.75 if not called |
| NZX Code | |
| Holdings - minimum/increments ($) | 10,000/1,000 |
| Issue documentation | Click here |
Notes
On the margin reset date, the issuer has the option to either:
- call (repay the bonds in cash) the bonds, or
- leave the bonds on issue until the legal maturity date.
If the issuer elects to leave the bonds on issue, the coupon rate will be set at the margin reset rate.
The information contained on this page details certain terms of the bonds extracted from sources that interest.co.nz believes to be accurate and reliable. interest.co.nz accepts no liability for any omissions or errors contained in this information. Any prices and/or yields displayed are indicative only and are subject to change. The information contained on this page must not be construed as a recommendation or advice by interest.co.nz to buy, sell, hold or otherwise deal in the bonds.
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