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Bank of NZ adds NZ$105 mln to govt-backed bond

Wed Mar 11, 2009 11:55pm EDT

Stocks

    
 SYDNEY, March 12 (Reuters) - Bank of New Zealand (BNZ), a
unit of National Australia Bank (NAB.AX), has increased its
2014 government-backed bond to NZ$285 million ($185 million),
it said on Thursday.
  Deal details are as follows:
  Issuer:         Bank of New Zealand
  Guarantor:      The government of New Zealand
  Facility:       Fixed rate registered transferable
deposits                      increase
  Law:            New Zealand
  Amount issued:  NZ$105 million
  Total issued:   NZ$285 million
  Maturity:       Feb. 20, 2014
  Set date:       March 11
  Coupon:         4.775%
  Yield:          4.985%
  Spread:         +80bp over swap or
                  +112bp over 2013 NZGB
  Issue price     99.086447 + 0.250621 (accrued)
  Lead(s):        BNZ
  Issuer rating:  AAA (S&P), Aaa (Moody's)
  ($1=1.541 Australian Dollar)
 (Reporting by Cecile Lefort)



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