Spark New Zealand Limited logo

Spark Finance sets interest rates for offer

Debt Issuance7 March 2024SPKCommunication Services

Spark Finance Limited
Spark City, 167 Victoria Street West, Private Bag 92028, Auckland, New Zealand



MARKET RELEASE – Thursday, 7 March 2024

Spark Finance sets interest rates for offer

Spark Finance Limited earlier today 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), NZ$300 million of Bonds have been allocated to

participants (or their clients) in the bookbuild process.

The interest rates for the Bonds have been set at:

• 5.21 per cent per annum for the 2029 Bonds. This is the sum of the base rate plus a

margin of 0.85 per cent per annum.

• 5.45 per cent per annum for the 2031 Bonds. This is the sum of the base rate plus a

margin of 1.10 per cent per annum.

The Bonds will be issued on 18 March 2024, and are expected to be quoted on the NZX Debt

Market on 19 March 2024 under the following ticker codes:

• SPF590 for the 2029 Bonds; and

• SPF600 for the 2031 Bonds.

A copy of the final terms sheet (updated for the interest rates set out above) for the offer

will be released via NZX later today.


- ENDS –

Authorised by:

Chante Mueller

Head of Investor Relations & Insurance


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






Spark Finance Limited

Spark City, 167 Victoria Street West, Private Bag 92028, Auckland, New Zealand



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.

Other issuers discussed similar conditions around this time

Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.