ANB
10/03/2016 12:23
GENERAL
PRICE SENSITIVE
REL: 1223 HRS ANZ Bank New Zealand Limited
GENERAL: ANB: ANZ Launches Bond Issues
ANZ launches Bond Issues
ANZ Bank New Zealand Limited (ANZ) announced today that it is making two
offers of unsecured unsubordinated bonds to institutional and New Zealand
retail investors.
The offers are for up to NZ$100 million floating rate bonds and up to NZ$100
million fixed rate bonds (together the Bonds), with the ability to accept
unlimited oversubscriptions at ANZ's discretion.
The offers open today, 10 March 2016, and are expected to close on 16 March
2016. The Bonds are expected to be issued on 22 March 2016.
The floating rate bonds have a maturity date of 22 March 2019 and the
indicative margin is 1.00% per annum.
The fixed rate bonds have a maturity date of 22 March 2021 and the indicative
margin is 1.40% per annum.
The margins on the fixed and floating rate bonds (which may be above or below
the indicative margins) and the interest rate on the fixed rate bonds will be
set following a bookbuild process on 16 March 2016 and will be announced by
ANZ via NZX shortly thereafter.
A Limited Disclosure Document (LDD) has been prepared for each offer which
contains more information. The LDDs are available through
www.anz.co.nz/about-us/media-centre/investor-information or by contacting
ANZ. Investors must receive a copy of the applicable LDD before they acquire
any Bonds. There are restrictions on offering, issuing or selling the Bonds
outside New Zealand, as set out in the LDDs.
The Bonds are rated AA- from Standard & Poor's and Aa3 from Moody's. The
Bonds are expected to be rated AA- by Fitch Ratings prior to the Issue Date.
The Bonds will not be guaranteed by any person, and Australia and New Zealand
Banking Group Limited does not guarantee ANZ.
The Bonds are expected to be quoted on the NZX Debt Market.
There is no public pool for the Bonds. Investors should contact ANZ, their
financial intermediary or a Primary Market Participant.
The minimum application amount in respect of the Bonds is NZ$10,000 and in
multiples of NZ$1,000 thereafter.
INVESTOR RELATIONS
Paul Daley
Treasurer
Phone: +64 4 436 6798
Email: [email protected]
End CA:00279085 For:ANB Type:GENERAL Time:2016-03-10 12:23:55
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