The Bank of New Zealand has announced that it is issuing a senior 5 year bond with a fixed return of 138 points over the 5 year swap rate which works out to be approximately 5.60% The bond will have a AA rating and rank equally with term deposits. BNZ Indicative Terms Sheet 7 July […]

Z Energy Limited is making an offer of secured, senior, fixed rate bonds for a term of 7 years at a fixed interest rate of 7.25% p.a. . The offer opened on Friday 8 July 2011 and will remain open until 5 August 2011 (unless extended by Z Energy). Applications for the bonds can only […]

The New Zealand Government is offering a four-year Earthquake Kiwi Bond at an interest rate of 4.0% p.a. This is like the other Kiwi Bonds however the money invested in this maturity will go towards meeting the costs to the Government of the recovery in Christchurch following the earthquakes of 4 September 2010 and 22 […]

If scammers steal your debit-card pin number, your bank account may be at risk. Fewer than half of banks promise zero-liability protection on debit-card pin transactions, says MarketWatch’s Andrea Coombes.

Make sure that you have paid at least $1042 into your Kiwisaver account by the end of June in order to qualify for the matching tax free deposit from the government which they call a tax credit. If you are a OnePath member then you need to fill in the attached Kiwisaver SILKS Additional Contribution […]

The BNZ is offering competitive rates of 4.60% for 180 days or 4.70% for 270 days plus you go in the draw to win tickets to the Rugby World Cup final. Just open any BNZ Term Deposit before 22 May 2011 and you’re in to win a trip for two to the Investec Super Rugby […]

Genesis Power Limited, trading as Genesis Energy, has registered a prospectus and made an investment statement available for an issue of $225 million (plus up to $50million of oversubscriptions) of Capital Bonds. The offer is for unsecured, subordinated, redeemable, cumulative interest bearing Capital Bonds. The bonds have a maturity date of 15 July 2041 and […]

Despite the Reserve Bank reducing the official cash rate to 2.50% the NZ dollar has proved to be very resilient and still remains above US$0. 73

Infratil has registered a simplified disclosure prospectus for an offer of unsecured unsubordinated Infrastructure Bonds with the primary aim of refinancing the Infratil bonds falling due in May 2011 (“2011 Bonds”). Investors may acquire bonds from Infratil by completing the application form contained in the Prospectus and following the application instructions. The simplified prospectus is […]