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

 

NZ Post Issues $100 million of Fixed Rate bonds

New Zealand Post Limited issues $100 million of Fixed Rate bonds

New Zealand Post Limited (“NZ Post”) announced today the successful issue of NZ$100 million fixed rate bonds.

The unsubordinated, unsecured bonds, maturing 15 November 2011, will have a coupon of 7.10% and were issued at a spread of 11 basis points over the mid swap rate.

NZ Post Chief Financial Officer, Peter Schuyt said that the success of issue illustrated the benefit of NZ Post’s excellent credit rating and its strong investor profile. “Domestic institutions were very comfortable with the credit and our approach to the market. This resulted in strong demand for the bonds and the issue was subscribed to a wide range of investors”

NZ Post is rated ‘AA-‘ by Standard & Poor’s rating agency.

The issue was lead managed by ANZ Institutional.

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Retail: New Law Paves Way For Greater Supermarket Competition

Legislation that bans major supermarkets from blocking their competitors’ access to land to set up new stores paves the way for greater competition in the sector, Minister of Commerce and Consumer Affairs Dr David Clark said... More>>



International Business Forum: NZ EU FTA Coming Down To The Wire – Hold The Line

As negotiations accelerate to conclude an ambitious free trade agreement between New Zealand and the European Union, the NZ International Business Forum (NZIBF), representing a cross section of major exporters... More>>


MBIE: NZ space sector set to star in Moon mission
The New Zealand space sector is set to star in NASA’s CAPSTONE moon mission – with Rocket Lab launching a satellite to the Moon from New Zealand in June, and the lift-off of a separate NASA-NZ lunar research project... More>>



MYOB: New Data Shows Increase In SMEs Experiencing Stress And Anxiety

The lingering impacts of the COVID-19 pandemic have led to a surge in the number of local SME owners and operators experiencing stress and anxiety, according to new research from business management platform, MYOB... More>>



Carbonz: Cashing In On Carbon: The New Marketplace Helping Native Forest To Thrive

The country’s first voluntary carbon credit marketplace, Carbonz, is here to restore native biodiversity and help Aotearoa reach its carbon zero goals by selling the first carbon credits exclusively from native forest... More>>
Entrust District: Dividend Will Be Welcomed After Another Tough Year
We’ve all heard of the saying; “if it sounds too good to be true, it probably is” but for Aucklanders within the Entrust District, getting their share of Entrust’s 2022 annual dividend payment really is as good as it sounds... More>>