Issuer's description of this product:
The bonds are unsubordinated, unsecured, fixed rate debt obligations of Spark Finance Limited
Minimum investment
This is the minimum amount you would need to put into this in order to invest.
Closing date
This is when this offer closes to investors.
Maturity
Rate
Key facts
Provider website
Intending to list
The issuer has indicated that they are intending to list this investment on a public exchange, or that it is already listed. See the listing here: nzx.com
Issuer's industry
Information/media/telecommunications
Credit ratings
Credit ratings can help you understand whether your investment in bonds will pay or if you'll get your money back. They indicate the long-term ability of the issuer to repay its debts. See also the Reserve Bank's primer on credit ratings and a map of the three scales used by the rating agencies.
(Standard & Poor's)
This is the credit rating for this particular bond or debt security.
Issuer credit rating
This is the credit rating for the organisation issuing the bond or debt security.
Maturity
Maturity description
This investment offer finishes on the above date.
Rate
Rate description
The Interest Rate will be equal to the sum of the Swap Rate (a benchmark interest rate for a term of approximately 7 years) plus the Margin. The Interest Rate will be determined on 4 December 2015 by Spark Finance Limited and the Joint Lead Managers following completion of the Bookbuild.
Key documents
These are the most important documents that a provider is required to file about this investment.
Product disclosure statement
Before you invest in a product like a fund, you are given a PDS which has essential details about it and the company providing it. Here's more on how to read a PDS.
Product Disclosure Statement.pdf
How this investment works, including about the provider, risks, costs and potential returns
Additional disclosure documents
These are more documents from the provider that can contain interesting information.
Chorus Services Agreement.pdf
Chorus UFB Services Agreement.pdf
Chorus Wholesale Commercial Services Agreement.pdf
2964660 SFL - Other Information for Register Entry - v8.pdf
Additional details
Issuer details
Name
SPARK FINANCE LIMITED
Type
NZ Limited Company
Industry
Information/media/telecommunications
Website
NZBN
9429039076847
FSP Number
Credit rating
Not provided
Supervisor
Name
THE NEW ZEALAND GUARDIAN TRUST COMPANY LIMITED
Offer details
Date registered
20 November 2015
Date opened
30 November 2015
Closing date
04 December 2015
Offer credit rating
A-/Stable (Standard & Poor's) on 15 March 2015
Continuous issue
No
Further payments may be required
No
Restrictions on transfer
No
Issuer can withhold, reduce, or delay payment
No
Convertible product
No
Intending to list
Yes : nzx.com
Schedule 1 exemption
No
FMA exemption
No
Reference numbers
Offer
OFR10319: OFFER OF FIXED RATE BONDS MATURING 10 MARCH 2023 BY SPARK FINANCE LIMITED
Next steps
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Product disclosure statement
Take a deeper dive into the PDS, which has essential details about this offer and the company providing it. Here's more on how to read a PDS.
Market listing
The provider has indicated they are intending to list this investment, or that it is already listed, on a public securities market. Here's where to find the market listing: nzx.com
Getting investment advice
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Interested in investing in this offer? Visit the provider's website. investors.sparknz.co.nz