Following the successful bookbuild process for its bond offer, Vector Limited (Vector) (NZX: VCT) confirmed today that the offer has closed and NZ$225 million of bonds (Bonds) have been allocated to participants (or their clients) in the bookbuild. This includes oversubscriptions of NZ$25 million, which is 25% of the amount available for oversubscriptions. There was no public pool for the offer, with all Bonds allocated to clients of the Joint Lead Managers, NZX Participants and other approved financial intermediaries.
The issue margin for the Bonds has been set at 0.95% per annum and the interest rate will be announced later today along with the release of the final terms sheet.
For further details investors can contact one of the Joint Lead Managers listed below, or their usual financial advice provider.
Joint Lead Managers