sharetrader
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  1. #1
    Member
    Join Date
    May 2007
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    Auckland, , New Zealand.
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    330

    Default New Spark and Z Bonds

    I see there are a couple of new bonds about to become available.

    Spark - 5.5 years at about 3.5% (rate not finalised I believe).
    Z - 6 years @ 4%. This is replacing the ZEL020 bond that was repaid last week.

    Not enough in those to interest me (pun intended), even though I hold more bonds than shares.
    Both companies shares giving a better return.

  2. #2
    Member
    Join Date
    Dec 2011
    Location
    Christchurch
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    97

    Default

    Pretty much same as a term deposit
    Last edited by mcdongle; 23-08-2018 at 10:48 AM.

  3. #3
    Guru peat's Avatar
    Join Date
    Aug 2004
    Location
    Whanganui, New Zealand.
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    4,485

    Default

    Quote Originally Posted by mcdongle View Post
    Pretty much same as a term deposit
    a lot easier to liquidate though, which is exactly why the rates often dont compare.
    For clarity, nothing I say is advice....

  4. #4
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    Dec 2011
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    Christchurch
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    Default

    Yes i did not word that very well.. was just comparing the rates over the same term..

  5. #5
    Member
    Join Date
    May 2007
    Location
    Auckland, , New Zealand.
    Posts
    330

    Default

    I see the Z offer was over subscribed by $25 million.
    I had come off the ZEL020 bonds that were paying 7.25% (ah, happy days), so decided to reinvest in a couple of shares paying good dividends. Having said that I do hold bonds paying around the high 4s-low to mid 5s as I don't see rates increasing markedly in the near term.
    Possibly I have too much in bonds/notes, etc. But I'm at that stage of wanting a fairly constant income stream and hold a few shares in what I consider solid, reliable paying companies as well for (hopefully) a modest capital increase.
    Z shares have always seemed quite reliable to buy at the $7 and below mark (I think I got my first lot at $4-something). Happy changing from Z bonds to more Z shares.

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