SPK - Books closed for retail bond offer

Thursday 7th 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

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.

Books closed for retail bond offer

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