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Member
Bond Investment Statements
Another newbie question.
Where do you find the original investment statement/prospectus for bonds traded on the NZDX? How do you know what happens on maturity etc? I assume it would all be in the prospectus, if I could find a copy.
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Member
Two options: [1] look at when the bond was issued, say June 2006 and then look at announcement before that date and you should find reference to the bond and sometimes when they list they put out a quick summary, or
[2] Go the entity's website and most do have the original offer documents saved and usually they are in PDF format.
I haven't yet, not found any document referring to bond profile etc- good luck
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Member
Originally Posted by Romulus
Two options: [1] look at when the bond was issued, say June 2006 and then look at announcement before that date and you should find reference to the bond and sometimes when they list they put out a quick summary, or
[2] Go the entity's website and most do have the original offer documents saved and usually they are in PDF format.
I haven't yet, not found any document referring to bond profile etc- good luck
Hmmmm... That's what I would have thought as well, but I'm not having much luck. For example there are no announcements at all for TCN500 on nzx.co.nz and I can't find any documentation on the Telecom website either.
There has to be an easy answer.
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Member
Does this help, taken from Direct Broking Website
TCN
27/06/2008
LISTING
REL: 0858 HRS TCNZ Finance Limited
LISTING: TCN500: Quotation Notice: TeleBonds (TCN500/TCN510/TCN520)
NEW ZEALAND EXCHANGE LIMITED
LEVEL 2, NZX CENTRE, 11 CABLE STREET,
PO BOX 2959, WELLINGTON, NEW ZEALAND.
Telephone +64 4 472 7599
Fax +64 4 496 2893
www.nzx.com
Quotation Notice: TeleBonds (TCN500/TCN510/TCN520)
Company Name: TCNZ Finance Limited (TCN)
Registered Office Address:
TCNZ Finance Limited
Level 8, North Tower
Telecom House
68-86 Jervois Quay
P O Box 570
Wellington
Investment Statement Dated: 25 June 2008
Directors: Paul J Reynolds, Anthony G Parker, Nicholas J Olson, Mark J
Verbiest, John R Houlden
Details of Issue: Unsecured, unsubordinated $1 bonds (TeleBonds), with an
aggregate Principal Amount of up to $100 million in aggregate over three
Maturity Dates (15 June 2011, 15 June 2013 and 15 June 2015). The
oversubscription amount for TeleBonds is an aggregate Principal Amount of up
to a further $200 million, which may be all in respect of TeleBonds of any
Maturity Date, or split between TeleBonds of any Maturity Date, provided that
the maximum aggregate Principal Amount issued may not exceed $300 million.
Opening of Offer: 26 June 2008
Closing of Offer: 15 December 2008 or such earlier date that the Issuer may
determine.
Issue Date: For each TeleBond that the Issuer has agreed to issue, the date
on which the Issue Price payable by the applicant for that TeleBond has been
lodged to the Issuer's bank account.
Maturity Date:
15 June 2011 - (TCN500)
15 June 2013 - (TCN510)
15 June 2015 - (TCN520)
Coupon Rate:
15 June 2011 - 8.25% (TCN500)
15 June 2013 - 8.50% (TCN510)
15 June 2015 - 8.65% (TCN520)
Date of First Coupon Payment: 15 December 2008
Subsequent Interest Payment Dates: For each TeleBond, each 15 June and 15
December which occurs after the Issue Date for that TeleBond and prior to or
on the Maturity Date for that
TeleBond, unless that day is not a Business Day, in which case the Interest
Payment Date will be the next succeeding Business Day.
First Coupon Payment Paid to: Payable to the original subscriber.
Interest Payable: To the Holder as at the Record Date immediately preceding
the relevant Interest Payment Date except as provided above in relation to
the first coupon payment.
Record Date: The tenth day before the due date for that payment or if that
tenth day is not a Business Day, the Business Day immediately preceding such
day.
Minimum Subscription: $2,000 principal amount per maturity date, and higher
in multiples of $500.
Minimum Holding: $2,000 principal amount per maturity date.
Minimum Amount Transferable: Minimum amount of $2,000 per maturity date and
thereafter in multiples of $500.
Face Value: $1.00
Deed Poll: 25 October 1988
Registrar: Computershare Investor Services Limited (RMLT)
Settlement Status: FASTER
Guarantor and Promoter: Telecom Corporation of New Zealand Limited
Security Code and ISIN:
TCN500 - NZTCND0029S7
TCN510 - NZTCND0030S5
TCN520 - NZTCND0031S3
Effective Date for Quotation: 27 June 2008
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Originally Posted by jmsnz
There has to be an easy answer.
The entire historical record of Trust Deed and Prospectus filing is at the companies office web site ... www.companies.govt.nz
The trick is to find the entity that actually filed ... it is often a subsidiary of the main entity.
All the information is on the web site ... it is one of the key tools of the trade for fixed interest investing.
Do not consider my postings as investment advice. I am here to share research and to speculate on what might be. The boundary between fact and conjecture might not always be clear - best to treat all comments as speculation.
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