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.
(Moody's Investors Services)
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 Notes will have an original term of 365 days or more, with the particular term set out in the relevant final terms
Rate
Rate calculation description
Each series of 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 3 month wholesale bank bill rate. Non-interest bearing (zero coupon) Notes may also be issued. The interest rate or the method by which the interest rate will be determined will be set out in the relevant final terms for the relevant Notes
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.
BOCNZ MTN - Product Disclosure Statement - 18 October 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.
BOC NZ MTN - Note Deed Poll - 22 Aug 2017.pdf
BOC NZ MTN - Final Terms (Series 1 4.09% Fixed Rate Notes due 2022) - 12 Oct 2017.pdf
BOC NZ MTN - Final Terms (Series 1 Tranche 2 4.09% Fixed Rate Notes due 2022) - 16 Feb 2018.pdf
BOC NZ MTN - Final Terms (Series 2 Floating Rate Notes due 2021) - 13 Apr 2018.pdf
BOC NZ MTN - Final Terms (Series 3 4.02% Fixed Rate Notes due 2023) - 13 Apr 2018.pdf
BOC NZ MTN - Notice of Availability of Disclosure Statements.pdf
BOC NZ MTN - Ranking Diagram as at 31 Dec 2017.pdf
BOC NZ MTN - Ranking Diagram as at 31 Dec 2018.pdf
BOC NZ MTN - Ranking Diagram as at 31 Dec 2019.pdf
BOCNZ MTN - Ranking Diagram as at 31 Dec 2020.pdf
BOCNZ MTN - Note Deed Poll - 22 October 2021.pdf
BOCNZ MTN - Notice of Availability of Disclosure Statements.pdf
BOCNZ MTN - Event Disclosure - 22 October 2021.pdf
BOCNZ MTN - Ranking Diagram as at 31 Dec 2021.pdf
BOCNZ MTN - Notice of Availability of Disclosure Statements.pdf
BOCNZ MTN - Supplement - 3 April 2023.PDF
BOCNZ MTN - Ranking Diagram as at 31 Dec 2022.pdf
BOCNZ MTN - Final Terms (Series 4 Floating Rate Notes due 2026) - 9 May 2023.pdf
BOCNZ MTN - Final Terms (Series 4 Tranche 2 Floating Rate Notes due 2026) - 29 Sep 2023.pdf
BOCNZ MTN - Supplement - 21 December 2023.pdf
BOCNZ MTN - Ranking Diagram as at 31 Dec 2023.pdf
BOCNZ MTN - Ranking Diagram as at 31 December 2024.pdf
Additional details
Issuer details
Name
BANK OF CHINA (NEW ZEALAND) LIMITED
Type
NZ Limited Company
Industry
Financial/insurance
Website
NZBN
9429041280874
FSP Number
Credit rating
Not provided
Offer details
Date registered
23 August 2017
Date opened
23 August 2017
Closing date
None
Offer credit rating
A1 (negative) (Moody's Investors Services) on 20 December 2023
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
OFR12103: BANK OF CHINA (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. bankofchina.com