Auckland City Councul
Auckland City Council
|Issue type||Senior bonds|
|Rank||Ranks equally with other similar securities|
|Maturity||expected to have a 10yr maturity|
|Opening date||week of 27 June 2016|
|Minimum parcel size||t.b.a|
|Organising Participant and Manager(s)||
ANZ, BNZ, Westpac
Auckland City Council new bond issue
- 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.