New Issues

 

Rabobank New Zealand

Issuer

Rabobank New Zealand

Issue type Unsecured, unsubordinated, fixed rate debt obligations
Rank Ranks equally with other similar securities
Maturity June 10, 2020
Early redemption subject to terms outlined in the investment statement
Coupon (%) 4.592%
Amount $200 million (plus over subscriptions)
Opening date 2 June 2015
Closing date 3 June 2015
Minimum parcel size $5,000 and then in multiples of $1,000 ($250,000 minimum for offshore investors)
Listed Yes under code RBO010
Credit rating Standard & Poors A+
Lead manager(s) ANZ, Westpac, Craigs Investment Partners, Forsyth Barr
Information interest.co.nz

News

Rabobank New Zealand 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.