| Vector Limited
15/10/2014
7.80% |
 |
| The Issuer |
Vector Limited |
|
| Business of the Issuer |
Vector is an electricity and gas distribution and metering company which predominantly services the Auckland region. Vectors network supplies more than one million homes and businesses across New Zealand. |
|
| Issue Size |
150m |
|
| Maturity Mechanism |
At maturity, the issuer may elect to either:
- have the bonds redeemed for cash, or offer new terms for the roll over of the bonds.
- Bondholders can elect to accept the new terms, if offered, for some or all of their bonds.
If no valid election is received by the issuer, the bondholder will be deemed to have elected to redeem all of their holding for cash at maturity. |
|
| S&P Rating |
BBB+ |
|
| Debt Ranking |
Unsecured, unsubordinated, fixed rate debt. |
|
| Interest |
Semi-annually on 15 April and 15 October until maturity.
|
|
| Registration |
Holders will receive a notice of registration from the registry and Holder and FIN numbers. |
|
| Registry |
Computershare Investor Services Limited |
|
