SPK
17/11/2015 15:14
GENERAL
NOT PRICE SENSITIVE
REL: 1514 HRS Spark New Zealand Limited
GENERAL: SPK: Spark Finance considers retail bond offer
Market Announcement
17 November 2015
Spark Finance considers retail bond offer
Spark Finance Limited (SFL) is considering making an offer of up to
$100,000,000 unsecured, unsubordinated fixed rate bonds (Bonds) to
institutional and New Zealand retail investors, with the ability to accept up
to $50,000,000 oversubscriptions at SFL's discretion. SFL is the company in
the Spark New Zealand group that carries out the borrowing activities for the
group.
The Bonds are expected to have a term of approximately seven years and to
mature in March 2023.
It is expected that full details of the offer will be released in the week
beginning 30 November 2015, when the offer is expected to open.
SFL has appointed ANZ Bank New Zealand Limited and Commonwealth Bank of
Australia as Joint Lead Managers and Deutsche Craigs Limited as Co-manager in
relation to the Bond offer.
Investors can register their interest in the offer by contacting the Joint
Lead Managers or Co-Manager as detailed below, or their financial advisor.
Indications of interest will not constitute an obligation or commitment of
any kind.
No money is currently being sought and applications for the Bonds cannot
currently be made. If SFL offers the Bonds, the offer will be made in
accordance with the Financial Markets Conduct Act 2013. The Bonds are
expected to be quoted on the NZX Debt Market.
Joint Lead Managers
ANZ Bank New Zealand Limited
Phone: 0800 269 476
Commonwealth Bank of Australia
Phone: 0800 272 633
Co-Manager
Deutsche Craigs Limited
Phone: 0800 226 263
-ENDS-
For media queries, please contact:
Richard Llewellyn
Head of Corporate Communications +64 (0) 27 523 2362
For investor relations queries, please contact:
Stefan Knight
General Manager Finance and Business Performance +64 (0) 27 252 9438
End CA:00273590 For:SPK Type:GENERAL Time:2015-11-17 15:14:21
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