Ann: GENERAL: AKC: Auckland Council considers ret

• Release Date: 05/12/12 11:09
• Summary: GENERAL: AKC: Auckland Council considers retail bond issue
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AKC
05/12/2012 09:09
GENERAL

REL: 0909 HRS Auckland Council

GENERAL: AKC: Auckland Council considers retail bond issue

Auckland Council considers retail bond issue

Auckland Council is considering 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
investment in the transformative projects, such as electric trains, city rail
link and
opening up the waterfront, that will benefit all Aucklanders for generations
to come.

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 Joint 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 10 December 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 in relation to the bonds.

Joint Lead Managers:

ANZ
0800 269 476

BNZ
0800 284 017
Ends

For media assistance, please contact:
Angela Jones
Senior media advisor
Phone: 021 278 6858
End CA:00230692 For:AKC    Type:GENERAL    Time:2012-12-05 09:09:57