Issue 239

Indicative market yield (% pa) 3.54
Indicative market price (%) 103.08

Issuer Bank of New Zealand
Amount on issue (NZ$m) 550.0
Issuer type Financial institution
Description subordinated unsecured notes
Security ranking Subordinated
Assumed maturity date 17 Dec 2020
Legal maturity date 17 Dec 2025
Credit rating BBB+
Current coupon 5.31
Coupon type Reset Quarterly
Next coupon reset date 17 Dec 2020
Coupon reset at 5 year swap 2.25
Election/Conversion date 17 Dec 2020
First & future call dates 17 Dec 2020
Margin reset date 17 Dec 2020
Margin reset 5yr swap 2.25 if not called
NZX Code BNZ090
Holdings - minimum/increments ($) 5,000/1,000
Issue documentation Click here

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