Spark Finance launches retail bond offer

MARKET RELEASE 29 August 2018 Spark Finance launches retail bond offer Spark Finance Limited (SFL) confirmed today that it is offering up to NZ$100,000,000 of unsubordinated, unsecured fixed rate bonds (Bonds) to institutional investors and New Zealand retail investors, with the ability to accept up to NZ$25,000,000 oversubscriptions at SFL's discretion. The offer opens today and will be made pursuant to the Financial Markets Conduct Act 2013 as an offer of debt securities of the same class as existing quoted debt securities. The notice required by the Financial Markets Conduct Regulations 2014 has been provided to NZX and is attached. The Bonds are expected to be quoted on the NZX Debt Market. Full details of the offer of the Bonds are contained in the indicative terms sheet which has been prepared for the offer and is attached. The offer will open with an indicative issue margin range of 1.00 to 1.10 per cent per annum and the Bonds will mature on 7 March 2024. An announcement of the actual issue margin (which may be above or below the indicative issue margin range) and the interest rate on the Bonds will be made following a bookbuild process, expected to be on 31 August 2018. The indicative terms sheet will be updated to include the interest rate and will be released via the NZX on the same day. The Bonds are expected to be quoted on the NZX Debt Market and are expected to be assigned a long-term credit rating of A- by S&P Global. There is no public pool for the offer, with 100 per cent of the Bonds reserved for clients of the Joint Lead Managers, NZX participants and other approved financial intermediaries. The offer will close on 31 August 2018 following the bookbuild process. Interested investors should contact the Joint Lead Managers (details below) or their usual financial adviser for more details. Joint Lead Managers ANZ Phone: 0800 269 476 Westpac Phone: 0800 942 822 - ENDS - For media queries, please contact: Lucy Fullarton Communications Partner +64 (0) 21 070 6197 For investor relations queries, please contact: Dean Werder General Manager Finance and Business Performance +64 (0) 27 259 7176 End CA:00323005 For:SPK Type:GENERAL Time:2018-08-29 09:31:11