Spark Finance sets interest rates for offer
Spark Finance Limited
Spark City, 167 Victoria Street West, Private Bag 92028, Auckland, New Zealand
MARKET RELEASE – Thursday, 7 March 2024
Spark Finance sets interest rates for offer
Spark Finance Limited earlier today announced that, following a bookbuild for its offer of
two series of unsecured, unsubordinated fixed rate bonds (the 2029 Bonds and the 2031
Bonds, and together the Bonds), NZ$300 million of Bonds have been allocated to
participants (or their clients) in the bookbuild process.
The interest rates for the Bonds have been set at:
• 5.21 per cent per annum for the 2029 Bonds. This is the sum of the base rate plus a
margin of 0.85 per cent per annum.
• 5.45 per cent per annum for the 2031 Bonds. This is the sum of the base rate plus a
margin of 1.10 per cent per annum.
The Bonds will be issued on 18 March 2024, and are expected to be quoted on the NZX Debt
Market on 19 March 2024 under the following ticker codes:
• SPF590 for the 2029 Bonds; and
• SPF600 for the 2031 Bonds.
A copy of the final terms sheet (updated for the interest rates set out above) for the offer
will be released via NZX later today.
- ENDS –
Authorised by:
Chante Mueller
Head of Investor Relations & Insurance
For more information please contact:
For media queries:
Althea Lovell
Corporate Relations Lead Partner
(64) 21 222 2992
althea.lovell@spark.co.nz
For investor queries:
Chante Mueller
Head of Investor Relations & Insurance
(64) 27 469 3062
chante.mueller@spark.co.nz
Spark Finance Limited
Spark City, 167 Victoria Street West, Private Bag 92028, Auckland, New Zealand
About Spark
As New Zealand's largest telecommunications and digital services company, Spark’s purpose is to help
all of New Zealand win big in a digital world. Spark provides mobile, broadband, and digital services to
millions of New Zealanders and thousands of New Zealand businesses.
www.sparknz.co.nz
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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