Roger Kerr posted on July 17, 2011 18:07
The Red and Black bond is a new fixed rate, 5-year investment with a 5.80% p.a. interest rate of which 5.30% will be paid to the investor and 0.50% p.a. of each semi-annual interest payment will be donated to the Christchurch Earthquake Appeal Trust.
The Red & Black Bonds are unsecured, unsubordinated obligations of Westpac New Zealand Limited, with a minimum issue size of NZ$50 million.
Key Dates:
Opening Date: 21 July 2011
Closing Date: 11 August 2011
Issue Date: 16 August 2011
Maturity Date: 16 August 2016
Interest Rate: 5.80% pa (Interest rate received by bondholder 5.30%, interest paid by bond holder as a donation 0.50%)
Interest Payment Dates: 16 February and 16 August
Minimum allocation $5,000 with multiples of $1000 thereafter
Listing Application has been made to NZX for quotation on the NZX