There are some aspects of this fund which may require extra consideration before deciding to invest.
FMA exemption
Some funds are exempted from the disclosure requirements, so certain information may not be available for these offers. Or the information provided might be in a different form, given the bespoke nature of the offer. Here's more on Financial Markets Authority exemptions.
Financial Markets Conduct (ANZ Bank New Zealand Limited–Offer of PPS) Exemption Notice 2022
Issuer's description of this product:
Perpetual preference shares ("PPS") of ANZ Bank New Zealand Limited ("ANZ"). Distributions are discretionary and subject to conditions. Distributions are expected to comprise cash and imputation credits. The distribution rate will be a fixed rate for 6 years, after which it will change to a floating rate that resets at quarterly intervals. The fixed rate is 6.95% per annum, as determined on the rate set date and announced via NZX and available at anz.Co.Nz/pps. The distribution rate after the first 6 years will be a floating rate equal to the sum of the applicable 3 month bank bill rate (a benchmark interest rate for a 3 month period) plus the issue margin. The issue margin is 3.25% per annum, as determined on the rate set date and announced by ANZ via NZX and available at anz.Co.Nz/pps. When the distribution rate is reset, the new distribution rate will be announced by ANZ via NZX on or about the date it is reset.
Minimum investment
This is the minimum amount you would need to put into this in order to invest.
Fixed offer price
This is the price per share of this offer. Additional details may be available.
Closing date
This is when this offer closes to investors.
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
Financial/insurance
Fixed offer price details
Fixed offer price description
Not applicable – the price of the PPS is fixed at NZ$1.00 per PPS
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.
Other Material Information document.pdf
Terms of the PPS.pdf
Notice of availability of disclosure statements.pdf
Investor Presentation.pdf
Credit Rating.pdf
Investor Presentation.pdf
Credit Rating.pdf
Additional details
Issuer details
Name
ANZ BANK NEW ZEALAND LIMITED
Type
NZ Limited Company
Industry
Financial/insurance
Website
Registration number in country of origin
N/A
NZBN
9429040797410
FSP Number
Credit rating
Not provided
Offer details
Date registered
23 June 2022
Date opened
04 July 2022
Closing date
07 July 2022
Continuous issue
No
Further payments may be required
Yes
Restrictions on transfer
No
Restrictions on acquisition
No
Convertible product
No
Intending to list
Yes : nzx.com
Schedule 1 exemption
No
FMA exemption
Yes: Financial Markets Conduct (ANZ Bank New Zealand Limited–Offer of PPS) Exemption Notice 2022
Reference numbers
Offer
OFR13332: OFFER OF PERPETUAL PREFERENCE SHARES BY ANZ BANK NEW ZEALAND LIMITED
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. anz.co.nz