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)
Issuer's description of this product:
The Bonds are unsubordinated, unsecured, floating 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.
Rate
Non-fixed
This investment offer does not have a single set rate. This may mean that the rate is variable or that there are multiple rates available.
The details
Key facts
Provider website
Intending to list
Yes
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.
Investment credit rating
AA-
(Standard & Poor's)
This is the credit rating for this particular bond or debt security.
Issuer credit rating
Not providedMaturity
Fixed Date
Rate
Non-fixed
Rate calculation description
The interest rate will be a floating rate which will be reset on the first day of each quarterly Interest Period. The interest rate for each Interest Period will be equal to the sum of the 3 Month Bank Bill Rate (a benchmark interest rate for a term of 3 months) and the Margin. The interest rate will be announced by ANZ on the first day of each Interest Period.
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 Floating.pdf
How this investment works, including about the provider, risks, costs and potential returns
PDF, 183.63 KB
Additional disclosure documents
These are more documents from the provider that can contain interesting information.
Notice of availability of disclosure statements.pdf
Notice of availability of disclosure statements
PDF, 18.19 KB
Totalestimatedcosts Floating Bonds.pdf
Total estimated costs - Floating Bonds
PDF, 29.91 KB
Deed Amendingand Restating Deed Poll 8 March 2016 Executed.pdf
Deed Amending and Restating Deed Poll 8 March 2016
PDF, 365.57 KB
Additional details
Issuer details
Name
ANZ BANK NEW ZEALAND LIMITED
Type
NZ Limited Company
Industry
Financial/insurance
Website
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 8 March 2016
Continuous issue
No
Further payments may be required
No
Restrictions on transfer
Yes
Restrictions on acquisition
No
Convertible product
No
Intending to list
Yes : nzx.com
Schedule 1 exemption
Yes
FMA exemption
No
Reference numbers
Offer
OFR10483: ANZ BANK NEW ZEALAND LIMITED FLOATING RATE MEDIUM TERM BONDS