This includes oversubscriptions of NZ$25 million, which is 25% of the amount available for oversubscriptions. All of the Bonds have been allocated to clients of the Joint Lead Managers, NZX Participants and other approved financial intermediaries for distribution to their clients. There was no public pool for the offer.
The interest rate for the Bonds has been set at 3.69% per annum, which is the sum of the issue margin of 0.95% per annum and the underlying swap rate of 2.74% per annum.
The Bonds will be issued on
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