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.