Air New Zealand bonds set at 6.9%

Air New Zealand Limited has set the interest rate on its unsecured, unsubordinated fixed rate bonds at 6.9% a year.

The amount of the issue is $150 million and has been fully allocated to primary market participants and institutional investors. 

As a result the offer will not have a public pool, however, a small priority pool of $4 million is available for New Zealand resident Air New Zealand shareholders and New Zealand resident employees of Air New Zealand Group.

The bond offer opens next Mondat and will close on Friday, September 23, with the priority pool closing one week earlier on Friday, September 16.

First NZ Capital Securities is acting as arranger and joint lead manager of the offer, Craigs Investment Partners  as joint lead manager and ANZ, Bank of New Zealand and Forsyth Barr as co-managers.

This article is tagged with the following keywords. Find out more about My Tags

Post Comment

3 Comments & Questions

Commenter icon key: Subscriber Verified

Plenty of fees and a sweet deal for the insiders and stuff all for small shareholder/taxpayers.
There's a surprise.

Reply
Share

that interest rate is ridiculously low

Reply
Share

when will the acceptance certificates be issued. I have sent funds awhile ago and the bank has processed but I still have no documentary evidence.

Reply
Share

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7850 0.0000 0.00%
AUD 0.8924 0.0000 0.00%
EUR 0.6196 0.0000 0.00%
GBP 0.4880 0.0000 0.00%
HKD 6.0917 0.0000 0.00%
JPY 84.8970 0.0000 0.00%

Commods

Commodity Price Change Time
Gold Index 1231.3 2.700 2014-10-24T00:
Oil Brent 86.1 -0.700 2014-10-24T00:
Oil Nymex 81.0 -1.020 2014-10-24T00:
Silver Index 17.1 0.020 2014-10-24T00:

Indices

Symbol Open High Last %
NZX 50 5292.8 5344.4 5292.8 0.77%
NASDAQ 4459.5 4486.3 4452.8 0.69%
DAX 9008.6 9044.9 9047.3 -0.66%
DJI 16677.0 16811.7 16677.9 0.76%
FTSE 6419.1 6419.1 6419.1 -0.47%
HKSE 23311.9 23352.6 23333.2 -0.13%
NI225 15354.4 15377.0 15139.0 1.01%