VCT vector limited (ns)

Ann: INTEREST: VCT040: Interest Rate for Capital

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    • Release Date: 14/06/12 17:40
    • Summary: INTEREST: VCT040: Interest Rate for Capital Bonds
    • Price Sensitive: No
    • Download Document  766B
    					
    
    VCT
    14/06/2012 15:40
    INTEREST
    
    REL: 1540 HRS Vector Limited
    
    INTEREST: VCT040: Interest Rate for Capital Bonds
    
    Vector Limited announced today that the interest rate on its Capital Bonds
    (VCT040) for the period from 15 June 2012 until the next election date on 15
    June 2017 will be 7.00%.  The ticker for the Capital Bonds will change to
    "VCT070" from 15 June 2012.
    
    Under the new conditions of the Capital Bonds, the interest rate was set at
    or about 3pm on 14 June 2012 as the higher of 7.00% and the 5 year swap rate
    plus the issue margin of 2.95%.
    
    The 5 year swap rate at or about 3pm on 14 June 2012 was 3.06%. Therefore,
    the interest rate on the Capital Bonds has been set at 7.00%.
    
    ENDS
    End CA:00223864 For:VCT    Type:INTEREST   Time:2012-06-14 15:40:15
    				
 
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