BNZ has announced it is offering a senior bond at a minimum rate of 6.10% (or 2.00% over the 5 year swap rate) with a term of 7 years. These bonds have an S&P rating of AA- (stable) and rank equally with term deposits. The rate will be set on 16 December with settlement on […]

Infratil Limited (“Infratil”) has registered a Simplified Disclosure Prospectus for an offer of new Infrastructure Bonds with a maturity date of 15 November 2017 which will pay a fixed rate of interest at 8.00%p.a. The bonds are unsecured, unsubordinated debt securities of Infratil. Unlike each previous series of Infrastructure Bonds, the Infrastructure Bonds offered in […]

Insurance Australia Group Limited (IAG) has announced that it is making an offer of  NZ$150 million of unsecured subordinated bonds to the New Zealand public, with the option to accept oversubscriptions. The bonds have an A- rating. The bonds have a term to maturity of 25 years and will be callable at IAG’s discretion (subject […]

Contact Energy Limited is considering making an offer of $150 million of unsecured subordinated capital bonds to the New Zealand public.

TradeMe have circulated the following notice to its customers as a lead up to the public offering of shares in the company. Be part of New Zealand’s biggest investment event of 2011. A Kiwi Icon- the most recognised online brand in New Zealand. The Trade Me website has over 700,000 visitors per day- 2.8 million […]

Auckland International Airport has indicated that they are likely to be issuing $100m of new retail bonds maturing in 6 years. The rate is expected to be around 5.5%.

Air New Zealand has now announced that it will be making an offer of $150 million unsecured, unsubordinated fixed rate bonds with a maturity date of 15 November 2016. The opening date of the offer is expected to be 5 September 2011.  The indicative range for the Interest Rate is 6.90% to 7.20% per annum.

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 […]

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent and says that while the NZ$ is so strong  this is likely to reduce the need for further OCR increases in the short term.

The good days of low floating mortgage rates could soon be over with some commentators predicting the Reserve bank could increase the cash rate on Thursday. It is generally agreed that the strong NZ dollar will lead to increases in rates before long so now could be the time to lock in a fixed rate […]