Retail bonds

Introduction | Your bonds | Transition to Auckland Council

Introduction

Auckland City Council has two issues of fixed-rate retail bonds listed on the New Zealand Debt Market (NZDX).


Amount	$150 million	$350 million

Interest rate	6.42%	6.28%

Maturity date	24 March 2014	24 March 2015

NZDX ticker	ACC010	ACC020

This page provides current and potential investors with information about the bonds, links to key financial information and reports, and Auckland City Council's transition into the Auckland Council.

Your bonds

How to buy / sell retail bonds

You will need to talk to a stockbroker to buy or sell Auckland City Council bonds.

Check the links to New Zealand brokers on the New Zealand Exchange website (www.nzx.com/investing/find-a-broker), or call any broker listed in the Yellow Pages.

Current trading price of Auckland City Council bonds

See the New Zealand Exchange website for the current trading price and market announcements.

Bond issue 2009 - www.nzx.com/markets/NZDX/ACC010

Bond issue 2010 � www.nzx.com/markets/NZDX/ACC020

Interest payment dates

Interest on the bonds is payable semi-annually in arrears, in two equal instalments, on 24 March and 24 September each year up to and including the maturity date.

Changed your address or bank account?

If you are a current bond holder and have recently changed your address or bank account, visit the Computershare website (www.computershare.co.nz) to update the registry.

Transition to Auckland Council

One of the biggest events to affect Auckland City Council in the last 12 months has been the government's decision to establish a single unitary council for the Auckland region, by merging the eight existing local authorities in the Auckland region with effect from 1 November 2010.

We have been working closely with the Auckland Transition Agency and the other councils in the region on the different workstreams required to achieve a successful integration. The amalgamation will generate efficiency savings through the merging of operations and greater economies of scale should benefit the procurement of goods and services.

For Auckland City Council investors, the retail bonds will be transferred to the new Auckland Council with no change in terms or conditions.

Our focus between now and October 2010 is to work in partnership with the ATA to successfully transfer the council's assets and services into the Auckland Council.

The ATA has liaised with Auckland's existing councils to create an integrated treasury group to coordinate treasury decisions during the transition period. The objective is to reduce treasury related risks for Auckland Council on 1 November 2010.