Books closed for retail bond offer
Spark Finance Limited
Spark City, 167 Victoria Street West, Private Bag 92028, Auckland, New Zealand
MARKET RELEASE – Thursday, 7 March 2024
Books closed for retail bond offer
Spark Finance Limited has announced that, following a bookbuild for its offer of two series of
unsecured, unsubordinated fixed rate bonds (the 2029 Bonds and the 2031 Bonds, and
together the Bonds), the issue size of the offer has been set at NZ$300 million. The
allocations across the two series of Bonds are:
• NZ$125 million of 2029 Bonds; and
• NZ$175 million of 2031 Bonds.
All of the Bonds, including oversubscriptions, under the offer have been allocated to the
participants (or their clients) in the bookbuild process. There was no public pool for the offer.
The issue margins for the Bonds have been set at:
• 0.85% per annum for the 2029 Bonds; and
• 1.10% per annum for the 2031 Bonds.
The interest rates for the Bonds will be announced later today, with the final terms sheet
released shortly thereafter.
For further details investors can contact the Joint Lead Managers (details below) or their usual
financial advice provider.
Joint Lead Managers
ANZ: 0800 269 476
CBA: 0800 272 266
Westpac: 0800 772 142
- ENDS –
Authorised by:
Chante Mueller
Head of Investor Relations & Insurance
Spark Finance Limited
Spark City, 167 Victoria Street West, Private Bag 92028, Auckland, New Zealand
For more information please contact:
For media queries:
Althea Lovell
Corporate Relations Lead Partner
(64) 21 222 2992
althea.lovell@spark.co.nz
For investor queries:
Chante Mueller
Head of Investor Relations & Insurance
(64) 27 469 3062
chante.mueller@spark.co.nz
About Spark
As New Zealand's largest telecommunications and digital services company, Spark’s purpose is to help
all of New Zealand win big in a digital world. Spark provides mobile, broadband, and digital services to
millions of New Zealanders and thousands of New Zealand businesses.
www.sparknz.co.nz
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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