Notable transactions by product
Auckland
+64 9 367 3633
Wellington
+64 4 470 8255
Advice - Corporate Finance
- Lead managed and advised Delegat's Group Limited on its successful NZ$45million equity IPO
- Assisted PGG Wrightson with their $475m refinancing
- Advised Akzo Nobel nv on the A$130m sale of its 94.2% shareholding in its Australian salt business to Mitsui & Co. Limited
- Prepared a detailed capital structure review for Mainfreight Limited
- Advised Hellaby Holdings on its capital structure and successful NZ$50 million capital notes offer
Capital - loans
- Sole arranger, underwriter, lead manager and facility agent, Natural Gas Corporation Finance Limited - Syndicated cash advance facility (NZD 850m)
- Sole arranger and financier, Natural Gas Corporation Finance Limited - Bridging finance facility (NZD 366m)
- Joint arranger and financier, United Networks Limited - Bridging finance facility (NZD 1460m)
- Sole arranger and acquirer, Brierley Investments Limited Structured acquisition of Sky City Instalment Receipts (NZD 224m)
- Arranger and financier, TransAlta New Zealand Limited - German leveraged lease (NZD 255m)
- Arranger and financier, Air New Zealand Limited Acquisition facility (AUD 150m)
- Sole arranger and financier, Hutt Valley Wastewater Services Limited - Construction facility (NZD 55m)
- Financier and facility agent, Telecom Corporation of New Zealand Limited - Acquisition Facility (NZD 1,600m)
- Arranger and underwriter, Tuaropaki Power Company Limited - Syndicated project finance facility (NZD 115m)
- Sole arranger and financier, Frucor Beverages Limited - Multi-Currency advances facility (NZD 75m)
- Sole arranger and financier, Restaurant Brands New Zealand Ltd - Acquisition term loan facility (NZD 20m)
- Arranger and financier, Montana Wines Limited - Multi-Option facility (NZD 150m)
Capital - Bonds and commercial paper
The World Bank: Lead Manager for a NZ$100m 4 year retail note issue for the International Bank for Reconstruction and Development, a part of the World Bank Group. This was the first time a bond issue for a supranational issuer has been offered domestically to the retail public. These notes offered both social and financial returns to the New Zealand retail public.
Fonterra Co-Operative Group Limited: Joint Lead Manager (Alliance partner Banc of America Securities) for US$350m senior notes in 7, 10 and 12 year bullets. The pricing achieved for this transaction represented the tightest credit spreads achieved in the USPP market over the past six months for a non-utility issuer.
Capital - Securitisation
- Australian Mortgage Securities (NZ) Limited - Securitisation programme (NZD 200m)
- Co-Lead manager, Sovereign Financial Services (MBS New Zealand No. 1, No. 2 & No. 3 Limited) - Mortgage backed securities issue
- Twenty-three sellers have securitised their assets through Waratah at a total value of AUD 6b. Westpac Institutional Bank has arranged an additional AUD 18b of securitisations.
Westpac Institutional Bank has completed the following transactions in New Zealand:
- Joint lead manager, Global mortgage backed medium term note issue WestpacTrust (USD 850m)
- Arranger, Mortgage backed warehouse facility (NZD 750m)
- Arranger, Equipment lease receivable securitisation (NZD 90m)
- Arranger, Mortgage backed warehouse facility (NZD 200m)
- Mortgage backed securities (NZD 750m).