New Issues

 

Air New Zealand Limited

Issuer

Air New Zealand Ltd

Issue type unsubordinated, unsubordianted fixed rate bonds
Rank
Maturity 28 October 2022
Early redemption
Coupon (%) Not less than 4.10% and indicative margin is 1.75% to 1.85% over the reference swap rate
Amount

$75 million

Opening date 13 October 2016
Closing date 20 October 2016
Minimum parcel size $5,000, then multiples of $1,000
Listed Yes, under ticker AIR020
Credit rating Baa2 (Stable) from Moody's (equiv. to BBB from S&P)
Organising Participant and Manager(s)

Lead Managers: BNZ, Deutsche Craigs Limited

Organising broker: Craigs Investment Partners

Information Term Sheet

Air NZ 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.