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:

July 3rd Morning Report
ikeGPS Chief Financial Officer Transition
TWL - TradeWindow announces strategic partnership with FTA
BLT - Patent issue settled and new 5 year agreement with BSP
July 2nd Morning Report
July 1st Morning Report
June 27th Morning Report
SDL - FY2026 Earnings Guidance
PaySauce Director resigns for US-based role with NZTE
General Capital Releases 2025 Annual Report