Transpower NZ Ltd considers retail bond offer

20 November 2015

Transpower New Zealand Limited (Transpower) is considering an offer of senior bonds to New Zealand retail investors and to institutional investors. Currently Transpower is considering tapping its existing tranche of bonds due June 2022 (quoted on the NZX Debt Market under the ticker code TRP030) subject to market conditions.

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 Westpac Banking Corporation (acting through its New Zealand branch) as Lead Manager and Organising Participant 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.

Ends

For assistance, please contact:

Rebecca Wilson
Corporate Communications Manager, Transpower
(04) 590 6695, 021 578 608

Westpac

0800 942 822