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ANZ To Offer $300 Million of Bonds
Tuesday 2 July 2002
ANZ Banking Group (New Zealand) Limited intends to offer up to $300 Million of fixed-rate, fixed-term Subordinated Bonds to the New Zealand public.
The bonds represent an interest bearing investment, offering semi-annual interest payments and are rated A+ by Standard & Poor's.
The interest rate will be set after the close of the offer at the Reference Rate1 plus 0.30%. The bonds have a maturity date of 23 July 2012 with ANZ able to redeem them on 23 July 2007. If the bonds are not redeemed in 2007, the interest rate will be set at the Reset Reference Rate2 plus 0.80%.
The offer is intended to open on 5 July 2002 and close on 18 July 2002. The issue will be jointly led by ANZ and Forsyth Barr Limited.
1 The five year swap rate as at or about 11.00am, on the earlier of the business day after the close of the offer or 19 July 2002
2 The five year swap rate as at or about 11.00am, 19 July 2007
ENDS
ANZ Bank New Zealand Limited
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ANZ has been helping New Zealanders get on top of their money ever since we opened for business in 1840. We were New Zealand's first bank and today we have a large network of full-service branches and ATMs, and talented people across the country.
We're passionate about helping our customers make their money work harder and equipping them to make better financial decisions. Whether it's travelling the world, buying a home, building a business, investing for the future or protecting their family's future, we use our financial strength and expertise to help make it happen.
Through our sponsorships, our Staff Foundation and thousands of staff volunteer hours each year, we support causes that make a difference to New Zealanders.
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