Ann: GENERAL: TRP: Transpower launches Australian

• Release Date: 20/08/13 15:54
• Summary: GENERAL: TRP: Transpower launches Australian Medium Term Note offer
• Price Sensitive: No
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TRP
20/08/2013 13:54
GENERAL

REL: 1354 HRS Transpower New Zealand Limited

GENERAL: TRP: Transpower launches Australian Medium Term Note offer

Transpower New Zealand Limited, rated A1/AA- (Stable/Stable) by Moody's and
S&P, has mandated Citi and National Australia Bank for a new 10year A$ MTN.
The transaction will be priced in the near future subject to market
conditions.

Transpower is a State-Owned Enterprise and 100% owned by the Crown.  The
Crown does not guarantee the Bonds.  Transpower plays two main roles central
to the operation and development of New Zealand's electricity power system.
It is the owner and the operator of New Zealand's only national high voltage
electricity transmission system (National Grid) and the provider of
co-ordination and security functions for the power system.

Net proceeds from the issue of Bonds are intended to be used for general
corporate purposes, including the capital expenditure requirements of the
Transpower Group.

For further information, please contact: Rebecca Wilson, Corporate
Communications Manager, 04 590 6695; 021 578 608
End CA:00239925 For:TRP    Type:GENERAL    Time:2013-08-20 13:54:14