NZ Post sells $150 mln of bonds to repay maturing issue

New Zealand Post Group, the state-owned postal service, sold $150 million of bonds under its medium-term note programme to repay maturing debt and for general purposes.

The bonds pay annual interest of 5.225% and are rated AA- by Standard & Poor's, matching the company’s debt rating.

Bank of New Zealand managed the sale and NZ Post’s Kiwibank unit was co-manager.

Most of the funds will be used to repay NZ Post’s $100 million of Nov. 15, 2011, bonds.

BusinessDesk.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

GEN - General Capital gives Notice of Annual Meeting 2026
AFT Chair David Flacks to retire before the next ASM
PCT - Precinct NZ $65 million Wholesale Bond Issue
FRW - Chair Announces Appointment of Successor
PCT - Future Director Appointment
FRW - Chair Announces Appointment of Successor
Me Today Market Update
IKE 1Q FY27 Performance Update
BPG - Q1 FY27 Trading Update
AFT R&D Portfolio Offers Multi-$bn Market Potential