Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Strong Demand for Telebonds

Strong Demand for Telebonds

TCNZ Finance today announced the successful issuance of the following tranches of TeleBonds:

7 Year TeleBonds (maturing 22 March 2013) $250,000,000
10 Year TeleBonds (maturing 22 March 2016) $150,000,000

“We are very pleased with the strong demand for the TeleBond issue from both the retail and institutional sectors. It is also very encouraging that the New Zealand debt market can offer financing opportunities for well-rated corporates at the longer end of the maturity spectrum,” said Nick Olson, General Manager Finance of Telecom Corporation of New Zealand Limited.

ANZ Investment Bank and Westpac Institutional Bank are the Joint Lead Managers of the issue, and First NZ Capital Securities Limited is the Organising Participant.

The TeleBonds are unsecured, unsubordinated interest-bearing obligations of TCNZ Finance. For the full terms of the offer of TeleBonds, please refer to the TCNZ Finance Investment Statement relating to the TeleBonds dated 3 March 2006.


© Scoop Media

Business Headlines | Sci-Tech Headlines


57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>


Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>


Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>


CO2 And Water: Fonterra (And Dairy NZ)'s Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>