BNZ fixed rate notes offer closes

Exchange announcement 24 January 2020 BNZ fixed rate notes offer closes Bank of New Zealand (BNZ) confirmed today that the issue size for the offer of a new series of unsecured unsubordinated fixed rate notes maturing on 29 January 2025 (Notes) has been set at NZ$500,000,000. The margin for the Notes has been set at 0.83% per annum and the interest rate has been set at 2.16% per annum. All of the Notes have been allocated to intermediaries for distribution to their clients and there is no public pool available. The Notes will be issued on 29 January 2020. The Notes are expected to be quoted on the NZX Debt Market under the ticker code BNZ140. More information on the offer is contained in the Final Terms Sheet which is attached. Ends For further information, please contact: Neil Bradley, Treasurer, BNZ T. 09-976-5020, E. neil_bradley@bnz.co.nz End CA:00347547 For:BNZ Type:OFFER Time:2020-01-24 15:49:51