TrustPower Ltd
| Issuer | TrustPower Ltd |
| Issue type | Unsecured fixed rate subordinated bonds |
| Rank |
Upon a Winding-Up of TrustPower, your rights and claims as a Bondholder will rank after the claims of all Senior Creditors, including all secured creditors, all creditors preferred by law and all unsubordinated unsecured creditors. Your rights and claims as a Bondholder will rank equally with other Bondholders and equally among the rights and claims of holders of equal ranking obligations (including the Existing Subordinated |
| Maturity | 15 September 2019 |
| Early redemption |
TrustPower may elect to redeem all the Bonds by giving five Business Days’ notice of the redemption date. On early redemption, TrustPower will pay to Bondholders the Early Redemption Amount. |
| Coupon (%) | 6.50% per annum fixed rate |
| Amount | Up to $75million (with the ability to accept up to $50 million of over-subscriptions). |
| Opening date | 9 August 2012 |
| Closing date | 11 September 2012 |
| Listed | Yes (NZDX) |
| Credit rating | n/a |
| Lead manager(s) | Forsyth Barr, ANZ and Craig's IP |
| Information | Simplified disclosure prospectus |
News
New TrustPower Ltd bond
Notes
- 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.