Ann: GENERAL: TRP: Transpower considers retail bond issue

• Release Date: 18/06/15 17:26
• Summary: GENERAL: TRP: Transpower considers retail bond issue
• Price Sensitive: No
• Download Document  1.3KB

					TRP
18/06/2015 17:26
GENERAL
PRICE SENSITIVE
REL: 1726 HRS Transpower New Zealand Limited

GENERAL: TRP: Transpower considers retail bond issue

Transpower New Zealand Limited (TRP) is considering an offer of senior bonds
to New Zealand retail investors and to institutional investors.

The offer will be made pursuant to the Financial Markets Conduct Act 2013 as
an offer of debt securities of the same class as quoted debt securities.  The
bonds are expected to be quoted on the NZX Debt Market. It is expected that
full details of the bond issue will be released prior to the offer opening,
which is expected to be in the week beginning 22 June 2015.

TRP has appointed BNZ as Lead Manager and Organising Participant in relation
to the bond offer.

Investors can register their interest with the Lead Manager (details below)
or a financial advisor.  Indications of interest will not involve an
obligation or commitment of any kind.  No
money is currently being sought and no bonds can be applied for or acquired
until the offer opens and the investor has received a copy of the offer
document in relation to the bonds.

Ends

For assistance, please contact:
Rebecca Wilson, Corporate Communications Manager, Transpower
(04) 590 6695, 021 578 608
BNZ
0800 284 017
End CA:00265903 For:TRP    Type:GENERAL    Time:2015-06-18 17:26:55