HOT TOPICS:   New RBNZ Governor   |   House prices firming   |   Top 10 with NZ Mint

In this section

Offers for readers

The comment stream

Recent comments

Not likely, especially considering the way corporate law has moved in the US. There was a test case recently...
Nic the NZer The problems with NZ's energy use
Wish I had seen your post Plan B. I posted a while back on an issue with Pay Pal.   As a result of a...
scarfie What social media means for banks
Adding to NZeconomic megalomania by J. Key’s government.   As a society - why do we accept in this...
Kunst The problems with NZ's energy use
Yes - globalisation and free trade - wonderful ! I think the world isn’t far away to see the USA+ ,...
Kunst Friday's Top 10 with NZ Mint
Sometimes I read 'The Economist' magazine, which has sometimes some interesting things to say. But...
Nic the NZer The problems with NZ's energy use
Ten years ago I was up in the high Himalaya, the local people were seriously freaked out with the seasonal...
marewa The problems with NZ's energy use
Sorry Moa Man but a deeper read of history would show a different story. The USA forced Japan into the pearl...
scarfie Friday's Top 10 with NZ Mint
OMG – go nuclear - another megalomaniac NZexcess !!   Yes - near Wellington (Beehive) or why...
Kunst The problems with NZ's energy use
"That’s the government view; they want to find oil and sell it, fast. It is not the view of OPEC...
scarfie The problems with NZ's energy use
I found this 'article' particularly entertaining. http://wattsupwiththat.com/2012/02/09/ipccs-...
Nic the NZer The problems with NZ's energy use

See more
Join the Interest community to be a registered commenter so you can:
- Edit your comments
- Avoid the CAPTCHA
- Vote on comments
Register Here

Already registered? log back in here ..

Forgotten your password? No problem! Click here

Finance sector jobs

Market Risk Manager
Unique opportunity to become an integral member of this highly respected market leading te...more
Australia
Senior Project Manager - APAC
Newly created role to manager projects across the Asia Pacific region within a worldwide l...more
Australia
Chief Financial Officer
Chief Financial Officer Location flexibleCompetitive Remuneration...more
Australia
Business Development Manager - Wholesale Sales
An opportunity has become available for an experienced Business Development Manager to joi...more
Australia
efinancialcareers.com

Reader poll

Who do you think should be appointed Reserve Bank Governor to replace Alan Bollard when he retires in September?

Choices

Interest on Twitter

Vector closes NZ$150 mln bond issue at 7.80%

Posted in News May 28, 2009 - 06:11pm, Alex Tarrant

Vector announced on Thursday afternoon that it had closed its NZ$150 million unsecured, unsubordinated senior five year bond issue. The interest rate for the bonds would be 7.80%, Vector said. It initially said the minimum rate for the bonds would be 7.50%.

The bonds have a BBB+ credit rating from Standard and Poor's and will be quoted on the NZDX on May 29.

Vector said it intended to use the net proceeds raised from the sale of the bonds for general corporate purposes.

See all the latest retail bond offers on our corporate bond rush page.

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

We welcome your comments below. If you are not already registered, please register to comment in the box on the right or click on the "'Register" link at the bottom of the comments. Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making these comments.

by Iain Parker | 29 May 09, 5:28am

Bonds are certificates of indebtness

Bonds are certificates of indebtness expanding the nations debt based money supply.
http://www.stuff.co.nz/business/market-data/bonds/2452693/Govt-to-sell-m...