The five-year NZD 400 million transaction, NIB issued on 5 January, was inaugural in the New Zealand bond market this year.
The transaction was priced at 99.926254%, issue yield 3.016%, margin to swap 35 basis points/mid and margin to New Zealand government bond at 69.1 basis points/ April 2023. With the final maturity of 19 January 2023, the deal pays a 3% annual coupon.
With the new transaction, NIB has seven outstanding Kauri bonds with a total amount of NZD 3.2 billion.
For further information, please contact
Ms Angela Brusas, Senior Funding Manager, at +358 961 811 403,
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