Issue 271

Indicative market yield (% pa) 4.25
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

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