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:

2025 Annual Shareholders' Meeting and Director Nominations
Meridian Energy monthly operating report for July 2025
August 15th Morning Report
VGL upgrades aspirations, accelerates to meet client demand
August 14th Morning Report
VHP - Focus on Fundamentals: Driving Operational Performance
August 13th Morning Report
Devon Funds Morning Note - 12 August 2025
Spark announces sale of 75% of data centre business
Blackpearl Announces $15M Capital Raise & Market Update