Auckland Council Considers Green Bond Buyback Options

Auckland Council is exploring capital management options and one possibility we are considering is the potential of buying back all or a portion of NZX listed AKC130 bond with the ISIN number NZAKCDT484C5 maturing on 28 September 2050. Auckland Council has NZD 500 million outstanding of these green bonds which were iss…

Source ID: NZ-GETS-28489864

Scope overview

Auckland Council is exploring capital management options and one possibility we are considering is the potential of buying back all or a portion of NZX listed AKC130 bond with the ISIN number NZAKCDT484C5 maturing on 28 September 2050. Auckland Council has NZD 500 million outstanding of these green bonds which were issued at par with a coupon of 2.95%.

We are seeking feedback on the merits (or otherwise) of a buyback, stakeholder implications, the optimal process for undertaking a buyback, fees and other costs involved, and an outline of legal and other considerations. Please look into the attached documents for details information.

Statusawarded
CategoryOther
CountryNew Zealand
Publish dateNov 21, 2023
Submission deadlineDec 4, 2023
Estimated value
Notice typeaward_notice
Sourcenz-gets-awards
BuyerAuckland Council
City

Buyer & contacts

EmailMegha.nagar@aucklandcouncil.govt.nz
OrganizationAuckland Council

Tags & Signals

green bondsbond buybackcapital managementAuckland CouncilAKC130 bondsstakeholder feedbackfinancial consultationdebt management

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