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| Fixed Interest Securities Terms Sheet |
| Powerco Limited
15/04/2010
7.64% |
 |
| The Issuer |
Powerco Limited |
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| Business of the Issuer |
Powerco is New Zealand's second largest electricity and gas distribution company. Powerco's energy distribution networks spread across the upper central, central and lower areas of the North Island. The company serves approximately 415,000 consumers, representing 16% of electricity connections and 46% of gas connections. |
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| Issue Size |
100m |
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| Maturity Mechanism |
Cash on maturity. |
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| S&P Rating |
BBB- |
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| Debt Ranking |
Unsecured, subordinated fixed interest debt. |
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| Interest |
Quarterly on 15 January, 15 April, 15 July, and 15 October until maturity. |
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| Registry |
Computershare Investor Services Limited |
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