Roger Kerr posted on October 18, 2010 20:30
ASB has today announced that it has added a further NZ$225m to its 8.52% coupon, July 2013 senior fixed rate bond at 125 basis points over swap. The increase brings the total issue size to NZ$475 million.
Based on the current swap rate the yield attained on this additional issuance was 5.14%.
ASB lead its own offer which is rated AA by S&P.