ASB to offer up to $100 million of five-year fixed rate notes

Sun, 19 Feb 2017

By Rebecca Howard Feb. 20 (BusinessDesk) - ASB Bank is offering up to $100 million of listed fixed rate notes with a maturity date of Feb. 24, 2022 and it can accept unlimited oversubscriptions at its discretion. The notes have an indicative margin of 1.15-to-1.25 percent per annum and will be offered to institutional and retail investors in New Zealand and certain offshore institutional investors, ASB said in a release to the New Zealand stock exchange. The funds will be used for general business purposes, it said. Banks have been st...

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