Investor information

This page provides information for investors, including our financial position, bonds and disclosures.

For further investor information, please contact us.

 

Investor Highlights

Transpower is rated by Standard & Poor’s and Moody’s.

 

Our long term credit ratings are:

Standard & Poor's         AA-       Stable

Moody’s                       A1        Positive

 

In addition to Transpower’s strong investment grade profile:

  • Transpower is a natural monopoly and is regulated by the Commerce Commission and the Electricity Authority
  • The substantial part of Transpower’s revenue is regulated with stable and predictable cash flows
  • Transpower is managed by an experienced management and governance teams
  • Transpower is owned by the New Zealand Crown and operates as a State Owned Enterprise.

Read more about our financial and investor highlights in our business factsheet

 

Investor updates

 

Listed Bonds

The following domestic bonds are listed on the NZX Debt Market:

 

Pricing Supplements

Details of our outstanding domestic bonds are listed below:

Bonds issued from 2011 onwards

Bonds issued prior to 31 December 2010

  • NZD$50 million 7.19% coupon maturing 12 November 2019
  • NZD$100 million CPI linked coupon bond maturing 15 May 2020
  • NZD$150 million 6.95% coupon bond maturing 10 June 2020

 

Trust Deeds

The Trust Deeds for domestic bonds are available here.

 

Disclosure

We disclose information to NZX, Companies Office and the Crown Ownership Monitoring Unit to ensure transparency of our business and to provide the public with information about the company's performance. You can view a full list of these disclosures on their websites:

NZX disclosures are available on our website here.

 

Debt listings and waivers

Transpower has debt listed on the NZX Debt Market quoted under the ticker codes TRP010, TRP020 and TRP030 (together, Bonds). As a listed issuer, Transpower is subject to certain requirements and obligations under the NZSX/NZDX Listing Rules, including a continuous disclosure obligation. Transpower has obtained the following waivers:

  • A waiver from rule 3.2.1(d), to allow a meeting of Bond holders to be called under the trust deed in respect of the Bonds on a requisition in writing signed by holders of not less than 5% of the nominal value of the Bonds then outstanding (as required by the Financial Markets Conduct Act 2013).

Downloads

Notice to Bondholders [ pdf 111.79 KB ]
Appendix to Notice to Bondholders [ pdf 117.34 KB ]