19 Feb 2018
Transpower New Zealand Limited (Transpower) is considering an offer of unsecured, unsubordinated fixed rate bonds to New Zealand retail investors and to institutional investors.
The bonds are expected to have a maturity date of seven years. It is expected that full details of the offer will be released late February.
The offer will be made pursuant to the Financial Markets Conduct Act 2013 as an offer of debt securities of the same class as quoted debt securities. The bonds are expected to be quoted on the NZX Debt Market.
Transpower has appointed Westpac Banking Corporation (ABN 33 007 457 141), acting through its New Zealand branch, as Lead Manager and Organising Participant in relation to the bond offer. Investors can register their interest with the Lead Manager (details below) or a financial adviser. Indications of interest will not involve an obligation or commitment of any kind. No money is currently being sought and no bonds can be applied for or acquired in relation to an offer until that offer opens and the investor has received a copy of the relevant offer document in relation to the bonds.
Lead Manager
Westpac Banking Corporation
0800 942 822
For assistance, please contact:
Clea Marshall
Corporate Communications Manager, Transpower
(04) 590 6633 or 027 807 9904
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