Transpower closes five-year retail green bond offer

09 September 2022

Following a successful bookbuild process for its green bond offer, Transpower New Zealand Limited (Transpower) confirmed today that the offer of unsecured, unsubordinated fixed rate green bonds due 16 September 2027 has closed and NZ$200,000,000 has been allocated to the participants (or their clients) in the bookbuild process. There was no public pool for the offer.

The issue margin for the bonds has been set at 0.49 per cent per annum and the interest rate will be announced later today, with the final pricing supplement to follow.

Ends

For assistance, please contact:
Anna Smaill
Senior Communications Adviser, Transpower
021 394 04

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