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 issued by a registered bank (clause 21(b) of Schedule 1 of the FMCA)
Issuer's description of this product:
A retail programme for the issuance of unsecured, unsubordinated medium term notes
Minimum investment
This is the minimum amount you would need to put into this in order to invest.
Closing date
This offer does not have a closing date and is a continuous issue. It's likely you'll be able to invest for the forseeable future.
Maturity
This investment does not have a fixed date of maturity, which can mean flexible or multiple terms are available.
Rate
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.
Key facts
Provider website
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.
(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 conditions description
The term until maturity of any Notes will be set out in the final terms for those Notes
Rate
Rate calculation description
Notes may bear interest at either: (i) a fixed rate for the whole term of the Notes; or (ii) a floating rate calculated as a specific margin (which will apply for the whole term of the Notes) over the bank bill rate (as set on the first day of each interest period). Non-interest bearing (zero coupon) Notes may also be issued. Any interest rate, or the method by which any interest rate will be determined (and any relevant additional fallback provisions for unavailability of the bank bill rate), will be specified in the final terms.
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.
WNZL Medium Term Note Programme PDS November 2024.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.
WNZL Note Deed Poll Executed.pdf
WNZL DMTN - Final Terms (3.775% Fixed Rate Notes due 7 June 2022) - 1 June 2017.pdf
Event disclosure 23 June 2017.pdf
WNZL DMTN - Final Terms (3.720% Fixed Rate Notes due 23 March 2023) - 21 March 2018.pdf
WNZL MTN Ranking Diagram September 2018.pdf
WNZL Disclosure Statement Notice 2018.pdf
WNZL DMTN - Final Terms (Floating Rate Notes due 14 February 2022) - 8 February 2019.pdf
WNZL DMTN - Final Terms (2.220% Fixed Rate Notes due 29 July 2024) - 24 July 2019.pdf
WNZL MTN Ranking Diagram September 2019.pdf
WNZL DMTN - Final Terms ( Floating Rate Notes due 20 February 2023) - 24 February 2020.pdf
WNZL DMTN - Final Terms (2.083% Fixed Rate Notes due 20 February 2025) - 24 February 2020.pdf
15 April 2020 Event Disclosure.pdf
WNZL Medium Term Note Programme Supplementary PDS 25 June 2020.pdf
WNZL MTN Ranking Diagram September 2020.pdf
WNZL DMTN-Final Terms (1.439% Fixed Rate Notes due 24 February 2026) - 18 February 2021.pdf
WNZL DMTN Ranking Diagram December 2021.pdf
WNZL Disclosure Statement Notice 2021.pdf
WNZL DMTN - Final Terms (3.696% Fixed Rate Notes due 16 February 2027) - 11 February 2022.pdf
WNZL DMTN Ranking Diagram December 2022.pdf
WNZL Disclosure Statement Notice 2022.pdf
WNZL DMTN - Final Terms (Floating Rate Notes due 6 July 2026) - 30 June 2023.pdf.pdf
WNZL Disclosure Statement Notice.pdf
WNZL DMTN Ranking Diagram December 2023.pdf
WNZL DMTN - Final Terms (4.337% Fixed Rate Notes due 24 September 2029) - 18 September 2024.pdf
WNZL DMTN Ranking Diagram November 2024.pdf
Additional details
Issuer details
Name
WESTPAC NEW ZEALAND LIMITED
Type
NZ Limited Company
Industry
Financial/insurance
Website
NZBN
9429034324622
FSP Number
Credit rating
Not provided
Offer details
Date registered
23 December 2016
Date opened
23 December 2016
Closing date
None
Offer credit rating
AA- (Standard & Poor's) on 28 November 2016
Continuous issue
Yes
Further payments may be required
Yes
Restrictions on transfer
No
Issuer can withhold, reduce, or delay payment
No
Convertible product
No
Intending to list
No
Schedule 1 exemption
Yes: Exclusion for debt securities issued by a registered bank (clause 21(b) of Schedule 1 of the FMCA)
FMA exemption
No
Reference numbers
Offer
OFR11771: WESTPAC NEW ZEALAND LIMITED MEDIUM TERM NOTE PROGRAMME
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.
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. westpac.co.nz