CHINA CONSTRUCTION BANK (NEW ZEALAND) LIMITED MEDIUM TERM NOTE PROGRAMME

CHINA CONSTRUCTION BANK (NEW ZEALAND) LIMITED

There are some aspects of this fund which may require extra consideration before deciding to invest.

Schedule 1 exemption

This investment offer has a Schedule 1 exemption, which means there is not as much required to be disclosed about it as others. There will be fewer documents to see. Here's more about Schedule 1.

Exclusion for debt securities issued by a registered bank (clause 21(b) of Schedule 1 of the FMCA)

Issuer's description of this product:
A retail programme for the issuance of unsecured, unsubordinated medium term notes

Minimum investment

$5,000

This is the minimum amount you would need to put into this in order to invest.

Closing date

Ongoing

This offer does not have a closing date and is a continuous issue. It's likely you'll be able to invest for the foreseeable future.

Maturity

Maturity type

This maturity type is used to classify bonds and other types of securities into broad categories.

Non-fixed

This investment does not have a fixed date of maturity, which can mean flexible or multiple terms are available.

Maturity details

Rate

Non-fixed

This investment offer does not have a single set rate. This may mean that the rate is variable or that there are multiple rates available.

Rate details


Key facts

Issuer's industry

Financial/insurance

Credit ratings

Credit ratings can help you understand whether your investment in bonds will pay or if you'll get your money back. They indicate the long-term ability of the issuer to repay its debts. See also the Reserve Bank's primer on credit ratings and a map of the three scales used by the rating agencies.

Investment credit rating

A (stable)
(Fitch Ratings)

This is the credit rating for this particular bond or debt security.

Investment credit rating

This rating grades the quality of this investment, and can be a useful tool for gauging the risk of whether you'll get your money back as promised.

Issuer credit rating

Not provided

Maturity


Non-fixed

Maturity conditions description

The Notes will have an original term of 365 days or more, with the particular term set out in the relevant final terms and (if applicable) confirmation of issue

Rate


Non-fixed

Rate calculation description

Each series of Notes may bear interest at either: (i) a fixed rate for the whole term of the Notes; or (ii) a floating rate calculated as a specific margin (which will apply for the whole term of the Notes) over the 3 month wholesale bank bill rate. Non interest-bearing (zero coupon) Notes may also be issued.
The interest rate or the method by which the interest rate will be determined will be set out in the relevant final terms and (if applicable) confirmation of issue

Additional details


Issuer details

Name

CHINA CONSTRUCTION BANK (NEW ZEALAND) LIMITED

Type

NZ Limited Company

Industry

Financial/insurance

NZBN

Credit rating

Not provided

Offer details

Date registered

19 May 2015

Date opened

19 May 2015

Closing date

None

Offer credit rating

A (stable) (Fitch Ratings) on 10 April 2025

Continuous issue

Yes

Further payments may be required

Yes

Restrictions on transfer

No

Restrictions on acquisition

No

Convertible product

No

Intending to list

No

Schedule 1 exemption

Yes

FMA exemption

No

Reference numbers

Offer

OFR10191: CHINA CONSTRUCTION BANK (NEW ZEALAND) LIMITED MEDIUM TERM NOTE PROGRAMME

Next Steps

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Product disclosure statement

Take a deeper dive into the PDS, which has essential details about this offer and the company providing it. Here's more on how to read a PDS.

Getting investment advice

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