Transpower announces pricing for bond issue

10 March 2017

Following a successful bookbuild process for its bond offer, Transpower New Zealand Limited confirmed today that the offer of bonds due 16 September 2022 has closed and NZ$100 million has been allocated to the participants (or their clients) in the bookbuild process.  There was no public pool for the offer.

The interest rate for the bonds will be 4.069 per cent per annum, which reflects a margin of 0.90 per cent over the swap rate for the period the same term as the bonds. The bonds will be issued on 16 March 2017 and will mature on 16 September 2022.  The bonds are expected to be quoted on the NZX Debt Market on 17 March 2017.

An updated pricing supplement in respect of the bonds is attached.

 

 

For assistance, please contact:

Rebecca Wilson

Corporate Communications Manager, Transpower

(04) 590 6695, 021 578 608