In this section
Offers for readers
Bonds news stream
Latest news
- Market pricing in 30 bps cut to OCR 8
- Greek troubles weigh
- ASB says 'now's the time to fix' 2
- The bank with the most profitable staff 2
- Worries on euro risk
- Infratil lifts dividend after strong profit 3
- Greek crisis frays nerves
- 'Fix now before rates rise,' says Kerr 6
- US & German bonds in demand
- The Greek dance continues
Most commented
- Friday's Top 10 with NZ Mint 155
- Do you believe....in financial advice 90
- How democracies default on their debts 47
- Why Bill English doesn't like QE 46
- Wednesday's Top 10 with NZ Mint 46
- Westpac's 'conservative' 90% plus LVR loans 42
- Thursday's Top 10 with NZ Mint 42
- Monday's Top 10 with NZ Mint 41
- Calls for OCR cut 'horribly misplaced' 39
- Tuesday's Top 10 with NZ Mint 39
Most viewed
- ASB says 'now's the time to fix' 2
- The bank with the most profitable staff 2
- Market pricing in 30 bps cut to OCR 8
- Greek troubles weigh
- How the big 4 banks' results compare 5
- 'Fix now before rates rise,' says Kerr 6
- Never a dull moment for the NZ$
- Record BNZ half-year profit 10
- Greek crisis frays nerves
- Worries on euro risk
ANZ New Zealand eyes new retail bond issue; Will repay existing NZ$250 mln issue early
ANZ New Zealand, the country's biggest bank, says it's considering making an offer of unsecured, unsubordinated bonds to retail investors.
The bank says it plans to repay an issue of subordinated bonds early on their call date of March 2 this year. These bonds, with a face value of NZ$250 million, aren't set to mature until March 2, 2017. They're currently paying a coupon of 7.6% (five-year swap plus 76 basis points), which is due to be reset on March 15 this year. These bonds are listed on the NZX debt market.
"A potential public issue of new bonds will allow existing investors, with proceeds arising from the repayment of the existing bonds, and other members of the public, the opportunity to participate in ANZ New Zealand new bonds," the bank said.
"A final decision on any offer will be made in mid February 2012."
The bank said it's now seeking preliminary indications of interest in the new bond.
See the bank's bond issuer page here.
The comment stream
Recent comments
See more
Editors choice