Napier Port sets interest rate for NZ$100 million bond

Friday, 16 September 2022

Updated

Issuer name: Napier Port Holdings
Issuer rating: NR
Issue rating: NR
Pricing date: 16 September 2022
Settlement date: 23 September 2022
Maturity date: 23 March 2028
Lead managers: Craigs Investment Partners, Forsyth Barr, Jarden Securities, Westpac Banking Corporation New Zealand Branch

Transaction type: senior-unsecured bonds
Volume: NZ$100 million (US$59.6 million)
Total outstanding in the line: NZ$100 million
Coupon type: fixed
Coupon rate: 5.52%
Issue/re-offer price: par
Issue yield: 5.52%
Margin: 140bp/mid-swap