Issue 271

Indicative market yield (% pa) 4.50
Indicative market price (%) N/A

Issuer The Cooperative Bank Ltd
Amount on issue (NZ$m) 30.0
Issuer type Financial institution
Description Unsecured subordinated, loss absorbing notes
Security ranking Subordinated
Assumed maturity date 28 Jul 2021
Legal maturity date 28 Jul 2026
Credit rating BBB
Current coupon 6.00
Coupon type Fixed Quarterly
Next coupon reset date 28 Jul 2021
Coupon reset at 3mth bank bill plus margin 4.80
Election/Conversion date 28 Jul 2021
First & future call dates 28 Jul 2021
Margin reset date 28 Jul 2021
Margin reset 3mth BB 4.80
NZX Code COO010
Holdings - minimum/increments ($) 5,000/1,000
Issue documentation Click here

The information contained on this page details certain terms of the bonds extracted from sources that believes to be accurate and reliable. accepts no liability for any omissions or errors contained in this information. Any prices and/or yields displayed are indicative only and are subject to change. The information contained on this page must not be construed as a recommendation or advice by to buy, sell, hold or otherwise deal in the bonds.

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