- Release Date: 14/12/15 15:52
- Summary: GENERAL: BNZ: BNZ Subordinated Notes Offer Closes
- Price Sensitive: No
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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
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