INDEPENDENT NEWS

NZ Post Issues $100 million of Fixed Rate bonds

Published: Wed 15 Nov 2006 02:15 PM
New Zealand Post Limited issues $100 million of Fixed Rate bonds
New Zealand Post Limited (“NZ Post”) announced today the successful issue of NZ$100 million fixed rate bonds.
The unsubordinated, unsecured bonds, maturing 15 November 2011, will have a coupon of 7.10% and were issued at a spread of 11 basis points over the mid swap rate.
NZ Post Chief Financial Officer, Peter Schuyt said that the success of issue illustrated the benefit of NZ Post’s excellent credit rating and its strong investor profile. “Domestic institutions were very comfortable with the credit and our approach to the market. This resulted in strong demand for the bonds and the issue was subscribed to a wide range of investors”
NZ Post is rated ‘AA-‘ by Standard & Poor’s rating agency.
The issue was lead managed by ANZ Institutional.
ends

Next in Business, Science, and Tech

New GST rules to level playing field
By: New Zealand Government
PM’s Business Advisory Council membership announced
By: New Zealand Government
Report shows New Zealand air quality is good
By: Statistics New Zealand
Govt backtracks on climate action, grants drill extension
By: Greenpeace New Zealand
Recommendations for screen sector workplace relations
By: Film Industry Working Group
DOC closing tracks to protect kauri
By: New Zealand Government
Govt raises GST threshold for online shopping
By: BusinessDesk
Foreign Website Gst Confirmation Welcomed
By: Retail NZ
Trade Me supports government’s move to collect GST
By: Trade Me Limited
GST changes will help many consumers
By: New Zealand Taxpayers' Union
Small firms say dealing with Govt ‘a nightmare’
By: New Zealand National Party
Minister welcomes major ‘air’ report
By: New Zealand Government
NZ heading for gas supply gap - OMV
By: BusinessDesk
Focus on 'low-hanging fruit' for emissions reduction
By: BusinessDesk
EPA grants OMV marine discharge application
By: Environmental Protection Authority
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media