|Indicative market yield (% pa)||N/A|
|Indicative market price (%)||70.00|
|Amount on issue (NZ$m)||238.0|
|Description||Subordinated Perpetual Bond|
|Assumed maturity date||Perpetual|
|Legal maturity date||Perpetual|
|Coupon type||Reset Quarterly|
|Next coupon reset date||15 Nov 2017|
|Coupon reset at||1 yr swap plus 1.50|
|First & future call dates||Continuous|
|Margin reset date||N/A|
|Holdings - minimum/increments ($)||5,000/1,000|
|Issue documentation||Click here|
The reset margin will be adjusted upwards if the issuer's Gearing Ratio is greater than 60%. Please refer to the investment statement for details.
The information contained on this page details certain terms of the bonds extracted from sources that interest.co.nz believes to be accurate and reliable. interest.co.nz 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 interest.co.nz to buy, sell, hold or otherwise deal in the bonds.