If you mean ASB securities online then I think Bottomfeeder is looking at the OCA010 19/10/2027 2.3%.
Search OCA and click on OCA010 and it shows buy price and I may be wrong but the buy price represents the yield so you will be paying something less than a $1 for the bond to come to a 7.2% yield to maturity.
Regret trying to be helpful now, as I have not done this myself, clicked on buy and it came up with an 0800 number. I do not know the bond maths but I assume you tell ASB how much you want to pay and they will work out how many bonds you can get. Be interested to hear how you get on.
I recall an interesting discussion re buying bonds on the secondary market but cannot remember the thread, needless to say there were traps for newbies that I never considered such as the timing of cashflows. Most of the 7.2% arrives when the bond matures.
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