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Announcement

GENERAL: SPK: Spark Finance successfully prices inaugural A$150 issue

12 Oct 2017 17:01NZX
Market Announcement
12 October 2017

Spark Finance successfully prices inaugural A$150 million issue

Spark Finance Limited ("Spark"), a wholly owned subsidiary of Spark New
Zealand Limited, announced today it has successfully priced an issue of A$150
million 10 year fixed rate bonds maturing on 20 October 2027.

This will be Spark''s inaugural issue using its Australian debt issuance
programme, and was open to institutional investors only.  These funds will be
used to refinance upcoming debt maturities.

As Spark''s first offshore long-term debt issuance since the demerger of Spark
and Chorus in November 2011, this successful issuance into the Australian
market will provide Spark with another strategic funding source; adding
diversification and tenor benefits to complement its existing domestic
funding programmes.

The issue is expected to be rated A- by S&P Global.
Australia and New Zealand Banking Group Limited ("ANZ") was sole book runner
and ANZ and National Australia Bank Limited were joint lead managers for the
transaction.

-ENDS-

For media queries, please contact:
Lucy Fullarton
Communications Partner +64 (0) 21 070 6197

For investor relations queries, please contact:
Dean Werder
General Manager Finance and Performance +64 (0) 27 259 7176
End CA:00308618 For:SPK    Type:GENERAL    Time:2017-10-12 17:01:04
Views: 197
Spark New Zealand
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High:3.510 
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