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
There are some aspects of this fund which may require extra consideration before deciding to invest.
Schedule 1 exemption
This investment offer has a Schedule 1 exemption, which means there is not as much required to be disclosed about it as others. There will be fewer documents to see. Here's more about Schedule 1.
Exclusion for debt securities by a registered bank (clause 21(b) of Schedule 1 of the FMCA)
Restrictions on transfer
There are rules around transfering in and out of this investment, which may depend on eligibility. For example, overseas investors may not be able to transfer into some New Zealand managed funds. Or there may be restrictions on withdrawals, such as not until age 65 for KiwiSaver funds.
Issuer's description of this product:
The Bonds are unsubordinated, unsecured, fixed rate debt obligations of ANZ Bank New Zealand Limited.
Minimum investment
$10,000
This is the minimum amount you would need to put into this in order to invest.
Closing date
16 Mar 2016
This is when this offer closes to investors.
Maturity
Rate
Key facts
Intending to list
Issuer's industry
Financial/insurance
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.
AA-
(Standard & Poor's)
(Standard & Poor's)
This is the credit rating for this particular bond or debt security.
Issuer credit rating
Not provided
This is the credit rating for the organisation issuing the bond or debt security.
Maturity
22 March 2021
Maturity description
This investment offer finishes on the above date.
Rate
Fixed
Rate description
The interest rate will be equal to the sum of the Swap Rate (a benchmark interest rate for a term of 5 years) and the Margin. The interest rate will be announced on or about 16 March 2016 by ANZ.
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.
Limited Disclosure Document - Fixed.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.
Total estimated costs - Fixed Bonds.pdf
Deed Amending and Restating Deed Poll 8 March 2016 - Executed.pdf
Notice_of_availability_of_disclosure_statements.pdf
Additional details
Issuer details
Name
ANZ BANK NEW ZEALAND LIMITED
Type
NZ Limited Company
Industry
Financial/insurance
NZBN
9429040797410
FSP Number
Credit rating
Not provided
Offer details
Date registered
10 March 2016
Date opened
10 March 2016
Closing date
16 March 2016
Offer credit rating
AA- (Standard & Poor's) on 08 March 2016
Continuous issue
No
Further payments may be required
No
Restrictions on transfer
Yes
Issuer can withhold, reduce, or delay payment
No
Convertible product
No
Intending to list
Yes : nzx.com
Schedule 1 exemption
Yes: Exclusion for debt securities by a registered bank (clause 21(b) of Schedule 1 of the FMCA)
FMA exemption
No
Reference numbers
Offer
OFR10481: ANZ BANK NEW ZEALAND LIMITED FIXED RATE MEDIUM TERM BONDS
Next steps
Want to know more about this investment or how it compares to others? Have a look at its peers.
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
Good advice is gold. Everyone can benefit from expert advice, provided the adviser has your interests at heart. Here's how to find one and key questions to ask.
Interested in investing in this offer? Visit the provider's website.