| ASB Bank Limited
15/06/2016
7.03% |
 |
| The Issuer |
ASB Bank Limited |
|
| Business of the Issuer |
ASB Bank Limited is a commercial bank operating in New Zealand |
|
| Issue Size |
$200m |
|
| Maturity Mechanism |
On 15 June 2011, the issuer has the option to either:
- call (repay) the bonds, or
- leave the bonds on issue until 15 June 2016.
If the bank elects to leave the bonds on issue, the coupon rate will be reset to 0.73% over the then 5 year swap rate.
The bonds will be repaid in cash on the call date or maturity date. |
|
| S&P Rating |
AA- |
|
| Debt Ranking |
Unsecured subordinated debt of the issuer. |
|
| Interest |
Semi-annually on 15 June and 15 December until repaid. |
|
| Registry |
Computershare Investor Services Limited |
|
