New Issues

 

Auckland City Council


 

Issuer

Auckland City Council

Issue type Senior bonds
Rank Ranks equally with other similar securities
Maturity 10 year maturity - 27 July 2026
Early redemption no
Coupon (%) 3.338% (90bp over 10yr swap on 22 July 2016)
Amount $100 million with ability to accept $100 million in over-subscriptions
Opening date 21 July 2016
Closing date 22 July 2016
Minimum parcel size $5,000
Listed Yes, under ticker AKC100
Credit rating AA (S&P)
Organising Participant and Manager(s)

ANZ, BNZ, Westpac

Information NZX Announcement & NZX Announcement

Auckland City Council new bond issue

Notes

  • Swap or NGZS plus a margin means the actual rate will be set at that margin over the relevant maturity swap rate or Government bond rate, usually a couple of days before the issue date. Click here for swap rates and here for Government bond rates.
  • The amount on offer is usually allocated to brokers who then accept subscriptions up to their allocations. The lead manager(s) control the allocation of bonds. There can be a public pool which is not allocated and subscriptions under the public pool are made directly to the issuer or lead manager(s).
  • Listing on NZDX unless stated otherwise.