Bond New Zealand Bank 2.285% ( US06407F2E11 ) in USD

Issuer	New Zealand Bank
Market price	95.302 % ▼
Country	New Zealand
ISIN code	US06407F2E11 ( in USD )
Interest rate	2.285% per year ( payment 2 times a year)
Maturity	27/01/2027
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Minimal amount	250 000 USD
Total amount	750 000 000 USD
Cusip	06407F2E1
Standard & Poor's ( S&P ) rating	AA- ( High grade - Investment-grade )
Moody's rating	A1 ( Upper medium grade - Investment-grade )
Next Coupon	27/01/2026 ( In 135 days )
Detailed description	Bank of New Zealand (BNZ) is a major commercial bank in New Zealand, offering a wide range of financial products and services to personal and business customers. This financial article details an outstanding bond, identified by ISIN US06407F2E11 and CUSIP 06407F2E1, issued by the Bank of New Zealand, a prominent financial institution headquartered in New Zealand, reflecting its strategic positioning within the Australasian banking sector and its robust credit profile as indicated by an AA- rating from Standard & Poor's and an A1 rating from Moody's, with this specific USD-denominated obligation currently trading at 95.302% of par value, offering a fixed interest rate of 2.285% on a total issue size of $750,000,000, accessible to investors with a minimum purchase requirement of $250,000, and scheduled to mature on January 27, 2027, with interest payments distributed semi-annually.