Insurance premiums

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Growth in insurance premiums as measured by Statistics NZ in the CPI and PPI series

Indicative market yield (% pa) 4.20
Indicative market price (%) 101.17

Issuer Kiwi Property Group
Amount on issue (NZ$m)
Issuer type Corporate
Description Secured Unsubordinated Debt Securities
Security ranking Senior
Assumed maturity date 19 Dec 2024
Legal maturity date 19 Dec 2024
Credit rating BBB+
Current coupon 4.33
Coupon type Fixed Semi annual
Next coupon reset date N/A
Coupon reset at N/A
Election/Conversion date N/A
First & future call dates N/A
Margin reset date N/A
Margin reset N/A
NZX Code
Holdings - minimum/increments ($) 5,000/1,000
Issue documentation Click here

The information contained on this page details certain terms of the bonds extracted from sources that 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.

Description

Christchurch City Holdings Limited (CCHL) was set up 1993 in response to calls for a confidential independent 
non-political buffer between the Council and the companies it owned. 
CCHL therefore ensures that a commercial approach is taken to managing the interface with the Council’s companies.

The Council’s investment in CCHL and its subsidiary companies was  independently valued at over $2 billion in June 2016.  CCHL has a Standard and Poor’s credit rating of A+ stable outlook.

The trading companies pay regular dividends to CCHL. In turn, CCHL pays ordinary dividends of around $46m a year to the Council. The CCHL group companies have also provided significant capital for the Council to fund other projects.

 

Website investor pageChristchurch City Holdings Limited

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