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  1. #1
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    Default 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.

  2. #2
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    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

  3. #3
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    Quote Originally Posted by Romulus View Post
    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.

  4. #4
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    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
    ?

  5. #5
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    Default

    Quote 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.

  6. #6
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    Default Many Thanks

    Romulus, that's a good start I went to the DB site, but must have just had a 'boy look'

    Enumerate, thank you that is a (relatively) easy answer, I have plenty of reading to do now.

    Thanks to you both.

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