In this section
ASB Bank
8.77% 15 Nov 2012/15 Nov 2017
| Indicative market yield (% pa) | 4.90 |
| Indicative market price (%) | N/A |
| Issuer | ASB Bank |
| Amount on issue (NZ$m) | 370.0 |
| Issuer type | Financial institution |
| Description | Subordinated Callable Bond |
| Security ranking | Subordinated |
| Assumed maturity date | 15 Nov 2012 |
| Legal maturity date | 15 Nov 2017 |
| Credit rating | A- |
| Current coupon | 8.77 |
| Coupon type | Fixed Semi annual |
| Next coupon reset date | 15 Nov 2012 |
| Coupon reset at | 5 yr swap plus 1.20 |
| Election/Conversion date | N/A |
| First & future call dates | 15 Nov 2012 |
| Margin reset date | 15 Nov 2012 |
| Margin reset | 5 yr swap plus 1.20 if not called |
| NZX Code | |
| Holdings - minimum/increments ($) | 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.
- Login or register to post comments
- Printer-friendly version