Issue 79

Indicative market yield (% pa) N/A
Indicative market price (%) 62.20

Issuer Motor Trade Finances
Amount on issue (NZ$m) 40.0
Issuer type Corporate
Description Redeemable Preference Share
Security ranking Subordinated
Assumed maturity date 01 Oct 2018
Legal maturity date Perpetual
Credit rating N/R
Current coupon 4.47
Coupon type Reset Quarterly
Next coupon reset date 01 Oct 2018
Coupon reset at 1 yr swap plus 2.40
Election/Conversion date 21 Dec 2017
First & future call dates Continuous
Margin reset date N/A
Margin reset N/A
Holdings - minimum/increments ($) 5,000/1,000
Issue documentation Click here


The Redeemable Preference Share are a perpetual instrument and as such have no fixed redemption date and the holder has no rights to require redemption.

The dividends are intended to be fully imputed. If any part of a dividend is not fully imputed, the issuer shall pay a cash amount equal to the shortfall in imputation credits.

Dividends are non-cumulative which means that if a dividend is not paid when scheduled, the issuer has no liabilty to pay that Dividend.

Please refer to the investment statement for further details on payment of dividends.

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.