Issue 256

Indicative market yield (% pa) 1.85
Indicative market price (%) 107.81

Issuer Bank of New Zealand
Amount on issue (NZ$m) 250.0
Issuer type Financial institution
Description Unsecured, unsubordinated fixed rate bonds
Security ranking Subordinated
Assumed maturity date 15 Jun 2023
Legal maturity date 15 Jun 2023
Credit rating AA-
Current coupon 4.10
Coupon type Fixed Semi annual
Next coupon reset date N/A
Coupon reset at 7 year swap 1.45
Election/Conversion date 15 Jun 2023
First & future call dates N/A
Margin reset date N/A
Margin reset N/A
NZX Code BNZ110
Holdings - minimum/increments ($) 5,000/1,000
Issue documentation Click here

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