AKC
13/03/2015 15:47
GENERAL
NOT PRICE SENSITIVE
REL: 1547 HRS Auckland Council
GENERAL: AKC: Auckland Council retail bond offer closes
Media release
13 March 2015
Auckland Council retail bond offer closes
Auckland Council closed its retail bond offer today, Friday 13 March 2015,
having successfully raised NZ$250 million.
The interest rate for the bonds has been set at 4.017% per annum, reflecting
a margin of 0.30% per annum over the effective swap rate for a 5.5 year
period.
"We are very happy with the outcome and would like to thank investors for
their continued support of Auckland Council," says Treasurer John Bishop.
The offer settles on 24 March 2015. It is expected the bonds will be quoted
on the NZX Debt Market* from 25 March 2015.
The updated series notice for the bond issue is attached.
*Application has been made to NZX Limited for permission to quote the bonds
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, NZX accepts no
responsibility for any statement in this announcement. NZX is a licensed
market operator, and the NZX Debt Market is a licensed market under the
Financial Markets Conduct Act 2013.
Ends
For media assistance, please contact:
John Bishop
Treasurer, Auckland Council
Phone 09 301 0101
End CA:00261840 For:AKC Type:GENERAL Time:2015-03-13 15:47:46
