✨ Financial Statements
NEW ZEALAND GAZETTE, No. 184
28 NOVEMBER 2011
TRANSWAY NEW ZEALAND LIMITED UNITED KINES BUSINESS
Debt and derivative securities
| Face value | National instrument and description | Currency code | Issue date | Effective interest rate % per annum after tax deductibility | Maturity date | Total face value NZ$ 000 | Effective interest rate % per annum NZ$ | Total interest cost per annum NZ$ 000 |
|---|---|---|---|---|---|---|---|---|
| NZD | ||||||||
| 100.0 | Bank Bill Benchmark (31-Oct-07) | NZD | 31-Oct-07 | 8.64% | 31-Oct-08 | 100.0 | 8.64 | 8.64 |
| 10.0 | BGI NZ Bank Bill (29-Nov-07) | NZD | 29-Nov-07 | 8.81% | 29-May-08 | 10.0 | 8.81 | 0.88 |
| 10.0 | Bank Bill Benchmark (12-Dec-07) | NZD | 12-Dec-07 | 9.78% | 12-Jun-08 | 10.0 | 9.78 | 0.98 |
| 10.0 | Bank Bill Benchmark (15-Jan-08) | NZD | 15-Jan-08 | 8.54% | 15-Jul-08 | 10.0 | 8.54 | 0.85 |
| NZD 1/0/0 | Term borrowing | |||||||
| 170,000.0 | Bank Bill + 32 basis points (daily) | NZD | 7-Oct-04 | 7.04% | 17-Oct-14 | 170,004 | 7.0 | 11,790.3 |
| Total NZD | 170,134 | 11,802.7 | ||||||
| AUD | ||||||||
| 25.0 | SYCOM 3 month bills | AUD | 22-Oct-07 | 6.92% | 21-Jan-08 | 28.9 | 6.92 | 2.0 |
| 25.0 | SYCOM 6 month bills | AUD | 24-Oct-07 | 6.74% | 23-Apr-08 | 28.2 | 6.74 | 1.9 |
| 40.0 | Fixed EFFTY (Pay) | AUD | 2-Nov-07 | 6.82% | (10) | 45.0 | 6.82 | 3.1 |
| 40.0 | Fixed EFFTY (Rec) | AUD | 5-Nov-07 | 6.89% | 45.0 | 6.89 | 3.1 | |
| USD | ||||||||
| 7.5 | Cash outflow cover (JPM) | USD | 27-Sep-07 | 5.59% | 31-Jul-08 | 9.8 | 5.59 | 0.6 |
| Total | 157,372 | 12,837.2 |
Effective NZD cash flows - Timing/amounts/autocalls
| Date bond matures | Days to final maturity years | Treasury bond yield % | Credit margin bps | Total yield % | Treasury bond PV of $1 receivable on final maturity date NZ$ | Credit margin PV of $1 receivable on final maturity date NZ$ | Total effective cost % |
|---|---|---|---|---|---|---|---|
| NZ$ | NZ$ | ||||||
| 31-Oct-08 | 1 | 8.21 | 12 | 8.33 | 0.925 | 0.925 | 8.3 |
| 29-May-08 | 0.5 | 8.22 | 11 | 8.33 | 0.960 | 0.960 | 8.3 |
| 12-Jun-08 | 0.6 | 8.3 | 12 | 8.42 | 0.952 | 0.953 | 8.4 |
| 15-Jul-08 | 0.6 | 8.35 | 12 | 8.47 | 0.951 | 0.951 | 8.5 |
| 17-Oct-14 | 6.9 | 6.0 | 100 | 7.0 | 0.633 | 0.634 | 7.0 |
Notes from above table
- This table contains the interest rates payable by Tranzway NZ Limited for its borrowings. The rates are determined based on a variety of factors including NZ Government Stock yields and credit margins.
- The “Total face value” is NZD 157,372,000.
- Periodic costs of interest rates are calculated using the formula for periodic interest payments.
- Total long-term interest rates are also indicated by year according to the contractual borrowing terms.
Owner financial indebtedness
- Total owner financial indebtedness including fair value hedges net of NZD 1.0m further derivatives (downstream): 115.5 - 1.4 = 115.1 million NZD.
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NZ Gazette 2011, No 184
✨ LLM interpretation of page content
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Provisions for Transpower New Zealand Limited
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💰 Finance & RevenueFinancial statements, Debt, Derivative securities, Interest rates, Transpower