The Red & Black Bond, issued by Westpac New Zealand Limited, is a five year bond with a 5.80% p.a. interest rate of which 5.3% p.a is paid to the investor and 0.50% p.a of each semi-annual interest payment is donated to the Christchurch Earthquake Appeal Trust to assist in the rebuild of Christchurch community touchstones, such as sports and cultural facilities and community halls.

It’s an investment opportunity, with the added philanthropic benefit of helping the people of Christchurch on an ongoing basis – the five year term of the bond.

While the bond is not rated Westpac is rated AA by Standard and Poors. The offer is now open and closes on 11th August.

To download the Investment Statement click here  Red & Black Bond Investment Statement.