Air New Zealand Limited
Air New Zealand Ltd
|Issue type||unsubordinated, unsubordianted fixed rate bonds|
|Maturity||28 October 2022|
|Coupon (%)||Not less than 4.10% and indicative margin is 1.75% to 1.85% over the reference swap rate|
|Opening date||13 October 2016|
|Closing date||20 October 2016|
|Minimum parcel size||$5,000, then multiples of $1,000|
|Listed||Yes, under ticker AIR020|
|Credit rating||Baa2 (Stable) from Moody's (equiv. to BBB from S&P)|
|Organising Participant and Manager(s)||
Lead Managers: BNZ, Deutsche Craigs Limited
Organising broker: Craigs Investment Partners
Air NZ new bond issue
- Swap or NGZS plus a margin means the actual rate will be set at that margin over the relevant maturity swap rate or Government bond rate, usually a couple of days before the issue date. Click here for swap rates and here for Government bond rates.
- The amount on offer is usually allocated to brokers who then accept subscriptions up to their allocations. The lead manager(s) control the allocation of bonds. There can be a public pool which is not allocated and subscriptions under the public pool are made directly to the issuer or lead manager(s).
- Listing on NZDX unless stated otherwise.