Issue 207

Indicative market yield (% pa) 3.40
Indicative market price (%) 100.89

Issuer ASB Bank
Amount on issue (NZ$m) 400.0
Issuer type Financial institution
Description Tier 2 subordinated unsecured bond reset in 5 years if not called on 15/6/2019
Security ranking
Assumed maturity date 15 Jun 2019
Legal maturity date 15 Jun 2024
Credit rating BBB+
Current coupon 6.65
Coupon type Fixed Quarterly
Next coupon reset date 15 Jun 2019
Coupon reset at 5 year swap 2.05
Election/Conversion date 15 Jun 2019
First & future call dates 15 Jun 2019
Margin reset date N/A
Margin reset 2.05% over 5 year swap
NZX Code ABBFA
Holdings - minimum/increments ($) 5,000/1,000
Issue documentation Click here

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