BNZ
17/12/2015 12:41
ALLOT
NOT PRICE SENSITIVE
REL: 1241 HRS Bank of New Zealand
ALLOT: BNZ: Notice from BNZ Limited pursuant to Listing Rule 7.12.1
NZX Release
17 December 2015
Notice from Bank of New Zealand Limited pursuant to Listing Rule 7.12.1
The following is a summary only. Full details of the BNZ Subordinated Notes
(Notes) are contained in the investment statement dated 11 November 2015
(Investment Statement) and in the "Note Terms" forming schedule 1 of the deed
poll dated 11 November 2015 (as amended from time to time) (Deed Poll) made
by Bank of New Zealand (BNZ). Copies of these documents are available at
www.bnz.co.nz/bnz-subordinated-notes. This investment is riskier than a bank
deposit. The securities are not call deposits or term deposits with BNZ and
may not be suitable for many investors.
Pursuant to Listing Rule 7.12.1 please be advised that BNZ has issued the
Notes as follows:
(a) Class of Security: Subordinated, unsecured debt securities
(b) ISIN: NZBNZDT383C8
(c) Number of Securities issued: 550 million
(d) Nominal value: NZ$1.00 per Note
(e) Issue price: NZ$1.00 per Note
(f) Payment: Cash
(g) Amount paid up: Fully paid up
(h) Principal terms of Securities if not quoted securities: Not applicable
(i) Percentage of the total class of Securities issued: 100%
(j) Reason for issue: The proceeds of the issue will be used for general
corporate purposes. The Notes will be treated as Tier 2 Capital for BNZ and
for the National Australia Bank Limited (NAB) Level 2 Group
(k) Specific authority for issue: The Notes are issued pursuant to the Deed
Poll and Investment Statement. The issue was approved by resolutions of the
boards of directors of BNZ and NAB
(l) Terms or details of the issue: As set out in the Investment Statement
(m) Total number of Securities of the class in existence after the issue: 550
million
(n) Treasury stock (for acquisition only): Not applicable
(o) Date of issue: 17 December 2015
(p) NZD-Issue Date VWAP: NZ$31.24 (subject to adjustment in accordance with
the Note Terms)
(q) Maximum Conversion Number: Assuming no adjustments are made to the
NZD-Issue Date VWAP: 0.1601 NAB ordinary shares per Note
Released by: Neil Bradley, Treasurer
Tel: +64 9 976 5020
Email: [email protected]
End CA:00275309 For:BNZ Type:ALLOT Time:2015-12-17 12:41:49
