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Port of Tauranga to issue $100 million of wholesale bonds

Debt Issuance23 September 2020POTIndustrials

23 September 2020


Port of Tauranga to issue

$100 million of wholesale bonds



Port of Tauranga Limited (NZX:POT) today announced that, following an institutional bookbuild

for its offer of Five Year Fixed Rate Notes, $100 million of bonds have been allocated to

participants (or their clients). The transaction was arranged by BNZ.

The interest rate for the Fixed Rate Notes has been set at 1.02% per annum. This reflects a

margin of 0.90% per annum over the underlying swap rate.

The Notes will be issued on Tuesday, 29 September 2020 and will mature on Monday 29

September 2025.

Port of Tauranga Chief Executive, Mark Cairns, said the Company was very pleased with the

strong support for the transaction.


For more information, please contact:

Mark Cairns

Chief Executive

Port of Tauranga Limited

Ph: 07 572 8829

http://www.port-tauranga.co.nz/category/current-news/

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