Spark Finance considers retail bond offer
Spark Finance Limited
Spark City, 167 Victoria Street West, Private Bag 92028, Auckland, New Zealand
MARKET RELEASE
22 August 2018
Spark Finance considers retail bond offer
Spark Finance Limited (SFL) is considering making an offer of unsubordinated,
unsecured fixed rate bonds (Bonds) to institutional and New Zealand retail investors.
SFL is the company in the Spark New Zealand group that carries out the borrowing
activities for the group.
The Bonds are expected to have a term of 5.5 years and to mature in March 2024.
It is expected that full details of the offer will be released on 29 August 2018, when
the offer is expected to open.
SFL has appointed Westpac Banking Corporation (ABN 33 007 457 141) (acting
through its New Zealand branch) as Arranger (Westpac) and ANZ Bank New Zealand
Limited, together with Westpac, as Joint Lead Managers in relation to the Bond offer.
Investors can register their interest in the offer by contacting the Joint Lead Managers
as detailed below, or their financial advisor. Indications of interest will not constitute
an obligation or commitment of any kind.
No money is currently being sought and applications for the Bonds cannot currently
be made. If SFL offers the Bonds, the offer will be made in accordance with the
Financial Markets Conduct Act 2013 as an offer of debt securities of the same class as
existing quoted debt securities. The Bonds are expected to be quoted on the NZX
Debt Market.
Joint Lead Managers
Phone: 0800 269 476 Phone: 0800 942 822
- ENDS –
Spark Finance Limited
Spark City, 167 Victoria Street West, Private Bag 92028, Auckland, New Zealand
For media queries, please contact:
Lucy Fullarton
Communications Partner
+64 (0) 21 070 6197
For investor relations queries, please contact:
Dean Werder
General Manager Finance and Business Performance
+64 (0) 27 259 7176
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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