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Ann: GENERAL: TRP: Transpower New Zealand Ltd announces pricing for bond issue

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    • Release Date: 27/11/15 15:08
    • Summary: GENERAL: TRP: Transpower New Zealand Ltd announces pricing for bond issue
    • Price Sensitive: No
    • Download Document  1.08KB
    					TRP
    27/11/2015 15:08
    GENERAL
    PRICE SENSITIVE
    REL: 1508 HRS Transpower New Zealand Limited
    
    GENERAL: TRP: Transpower New Zealand Ltd announces pricing for bond issue
    
    Following a successful bookbuild process for its bond offer, Transpower New
    Zealand Limited confirmed today that the offer of bonds due 30 June 2022
    (Bonds) has closed and the full issue amount of NZ$75 million has been
    allocated to the participants (or their clients) in the relevant bookbuild
    process.  There was no public pool for the offer.
    
    The issue price for the Bonds will be NZ$1.03387348 per bond which has been
    determined using an issue yield of 4.028 per cent per annum, which reflects a
    margin of 0.80 per cent over the underlying swap rate.
    
    The Bonds will be issued on 3 December 2015 and are expected to be quoted on
    the NZX Debt Market.
    
    An updated pricing supplement in respect of the Bonds is attached.
    
    Ends
    
    For assistance, please contact:
    Rebecca Wilson
    Corporate Communications Manager, Transpower
    (04) 590 6695, 021 578 608
    
    Westpac
    0800 942 822
    End CA:00274258 For:TRP    Type:GENERAL    Time:2015-11-27 15:08:31
    				
 
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