|Issue type||unsecured, unsubordinated, fixed rate bonds|
|Rank||Ranks equally with other similar securities|
|Maturity||6 May 2021|
|Early redemption||subject to terms outlined in the investment statement|
|Amount||$300 million + $100 mln in oversubscriptions|
|Opening date||14 April 2016|
|Closing date||4 May 2016|
|Minimum parcel size||$5,000 and then in multiples of $1,000|
|Listed||Yes, under code CNU010|
|Credit rating||Standard & Poors BBB|
ANZ & Westpac (NZ branch); Co-managers: BNZ, Deutsche Craigs, First NZ Capital, Forsyth Barr & Macquarie
- 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.