In this section
ANZ National Bank
9.66% 18 Apr 2013/Perpetual
| Indicative market yield (% pa) | N/A |
| Indicative market price (%) | 97.45 |
| Issuer | ANZ National Bank |
| Amount on issue (NZ$m) | 835.0 |
| Issuer type | Financial institution |
| Description | Subordinated Perpetual Bond |
| Security ranking | Subordinated |
| Assumed maturity date | 18 Apr 2013 |
| Legal maturity date | Perpetual |
| Credit rating | BBB+ |
| Current coupon | 9.66 |
| Coupon type | Fixed Semi annual |
| Next coupon reset date | 18 Apr 2013 |
| Coupon reset at | 5 yr swap plus 2.00 |
| Election/Conversion date | N/A |
| First & future call dates | 18 Apr 2013 |
| Margin reset date | 18 Apr 2018 |
| Margin reset | 5 yr swap plus 3.00 if not called |
| NZX Code | ANBHA |
| Holdings - minimum/increments ($) | 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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