Auckland Council’s offer of $200 million of 5-year unsubordinated fixed-rate vanilla corporate green bonds opened last Monday and closed fully subscribed on Thursday. They’ll be issued on Wednesday with a maturity date of 27 June 2023.
The interest rate is 3.17%/year, reflecting a margin of 0.5%/year over the swap rate for the 5-year period.
The bonds will be quoted on the NZX debt market (NZDX).
Attribution: Council release.