Ann: LISTING: AKC: Auckland Council considers ret

• Release Date: 05/10/12 12:00
• Summary: LISTING: AKC: Auckland Council considers retail bond issue
• Price Sensitive: No
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AKC
05/10/2012 09:00
LISTING

REL: 0900 HRS Auckland Council

LISTING: AKC: Auckland Council considers retail bond issue

Media release

5 October 2012

Auckland Council considers retail bond issue

Auckland Council is considering making an offer of fixed-rate secured bonds
to
the public and is seeking preliminary indications of interest.

The bonds would form part of council's overall borrowing programme to fund
its investment in the region that will benefit all Aucklanders for
generations to come. Projects funded by the borrowing would include improved
public transport, sports fields, new libraries and community facilities.

As part of its planning for the bond issue, Auckland Council has appointed
ANZ and BNZ as joint lead managers.

Ratepayers and other retail investors can register their interest with one of
the lead managers (details below) or a financial advisor. A copy of the
investment
statement for the issue will be sent upon release.

It is expected that full details of the bond issue will be released and the
offer will open in the week commencing 8 October 2012.

Indications of interest will not involve an obligation or commitment of any
kind. No money is currently being sought and no applications for the bonds
will be
accepted or money received unless the subscriber has received a copy of the
investment statement for the bonds.
End CA:00228152 For:AKC    Type:LISTING    Time:2012-10-05 09:00:44