In this section
ASB Capital
|
Description |
ASB Capital is a company formed for the sole purpose of issuing the preference shares. Its only asset is a loan to ASB Group (Holdings) which will invest the proceeds of that loan in ASB Bank preference shares. No member of the Commonwealth Bank or ASB Group of companies guarantees amounts payable in respect of the preference shares.
|
| Website investor page | ASB Capital | |
| Corporate credit ratings(s) | Standard & Poors (S&P) AA- | Stable |
| Moody's Investors Services Aa3 | Stable | |
Latest Stories
ASB says 'now's the time to fix'2
The bank with the most profitable staff2
'Banks ready for CFR increase'1
'Up to 2 more years of deleveraging'6
Yearly Reset Issues
Redemable Preference Shares| Description | Maturity Date | Price | Current Coupon |
Coupon Reset Date |
Coupon Base |
Coupon Margin |
Next Call |
Credit Rating | Amt $m |
|---|---|---|---|---|---|---|---|---|---|
| Redeemable Preference Share | Perpetual | 68.00 | 4.00 | 15 Nov 2012 | 1 yr swap plus | 1.30 | Continuous | BBB | 149.0 |
Older stories
'ASB one of CBA's domestic brands'1
NZ banks borrow NZ$1.35b in Switzerland3
Uncertainty over callable bank bonds3
Funding cost rises not hurting banks12
S&P hints NZ bank ratings are safe
Round 2 of Basel III debate looms
Funding cost rises fail to bite NZ banks2
Bond holders face falling interest payments2
Big banks 'susceptible to dislocation'4
'No plans to hike floating mortgage rates'8
What social media means for banks11
ASB sets 2nd covered bond issue
Bank results swing into focus1
Default funds deliver steady returns9
'NZ inflation slows to RBNZ target range'3
Five things to watch in banking this year17
NZ$10.2b of bonds sold in NZ in 20119
Govt entity buys ASB covered bonds
ASB joining covered bond party3
- Login or register to post comments
- Printer-friendly version