Transpower considers retail bond offer

22 February 2019

Transpower New Zealand Limited (Transpower) is considering an offer of unsecured, unsubordinated fixed rate bonds to New Zealand retail investors and to institutional investors. 

The bonds are expected to have a maturity date of five years.  It is expected that full details of the offer will be released early March.

The offer will be made pursuant to the Financial Markets Conduct Act 2013 as an offer of debt securities of the same class as quoted debt securities.  The bonds are expected to be quoted on the NZX Debt Market.

Transpower has appointed ANZ Bank New Zealand Limited as Lead Manager in relation to the bond offer.

Investors can register their interest with the Lead Manager (details below) or a financial adviser.  Indications of interest will not involve an obligation or commitment of any kind.  No money is currently being sought and no bonds can be applied for or acquired in relation to an offer until that offer opens and the investor has received a copy of the relevant offer document in relation to the bonds.

Lead Manager
ANZ Bank New Zealand Limited
0800 269 476

Ends

For assistance, please contact:

Laura Ackland, Transpower Senior Corporate Communications Advisor, (04) 590 6721; 027 5653 783