BNZ
14/12/2015 15:52
GENERAL
NOT PRICE SENSITIVE
REL: 1552 HRS Bank of New Zealand
GENERAL: BNZ: BNZ Subordinated Notes Offer Closes
MEDIA RELEASE
14 December 2015
BANK OF NEW ZEALAND SUBORDINATED NOTES OFFER CLOSES
Bank of New Zealand ("BNZ") confirmed today that it has raised NZ$550 million
from an offer of subordinated unsecured notes ("Notes").
The offer was well over-subscribed and BNZ is pleased with the support from
institutional investors and New Zealand retail investors.
The Notes will be issued on 17 December 2015 and will mature on 17 December
2025, with an initial interest rate of 5.314 per cent per annum. The Notes
are expected to be quoted on the NZX Debt Market*.
The Notes are complex securities and riskier than a term deposit. The Notes
are not call deposits or term deposits with BNZ and may not be suitable for
many investors.
Full details of the Notes are contained in an Investment Statement dated 11
November 2015.
*Application has been made to NZX for permission to quote the Notes on the
NZX Debt Market and all the requirements of NZX relating to that application
that can be complied with on or before the date of this announcement have
been duly complied with. However, Notes have not yet been approved for
trading and NZX accepts no responsibility for any statement in this
announcement. NZX is a licensed exchange, and the NZX Debt Market is a
licensed market under the Financial Markets Conduct Act 2013.
- ENDS -
For further information contact:
Neil Bradley
Treasurer, BNZ
Phone: (09) 976 5020
BNZ
0800 284 017
Deutsche Craigs Limited
0800 226 263
First NZ Capital Securities Limited
0800 005 678
Forsyth Barr Limited
0800 367 227
Macquarie Capital (New Zealand) Limited
0800 742 737
JBWere (NZ) Pty Limited
0800 555 555
End CA:00275101 For:BNZ Type:GENERAL Time:2015-12-14 15:52:46
