Works Finance (NZ) Limited - ROADS rate set

Works Finance (NZ) Limited, previously known as Works Infrastructure Finance (NZ) Limited, has announced that the Dividend Rate on the ROADS preference shares for the period 15 June 2023 to the next reset date of 15 June 2024 will be 9.81% per annum payable quarterly in arrears.

This figure is equal to the One Year Swap Rate on 15 June 2023 of 5.76% per annum plus the Step-up Margin of 4.05% per annum.

Holders of the ROADS preference shares are not required to take any action.